Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 188

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 188
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224) 
     1,224  
     100%
  
    Total for discontinued operations 
    $-  
    $2,150  
    $(2,150) 
     (100)%
  
    Total for the period 
    $3,589  
    $2,150  
    $1,439  
     67%

On March 25, 2025, the Company sold its subsidiaries
in Spain for a $3.5 million gain. There were no costs incurred to complete the transaction.

On January 19, 2024, the Company sold its operating
parks in Poland with a carrying value of $55.2 million for $59.4 resulting in a $4.2 million gain partially offset by a $0.9 million loss
on sale of assets in the Netherlands. $1.6M of the cash received was held back by the seller per the SPA and recorded as a receivable
on the Consolidated Balance Sheet. On February 22, 2024, the Company sold its operating park in the Netherlands with a carrying value
of $8.0 million for $7.1 million resulting in a $0.9 million loss. The costs incurred to complete the transaction totaled $1.2 million
and are reported together with the disposal of the assets according to ASC 360-10-35-38.

43

Interest Expense, Other Income, and Other Expense

    Three Months Ended March 31, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Interest expense 
    $(2,190) 
    $(1,681) 
    $(509) 
     30%
  
    Fair value movement on FPA asset 
     -  
     (483) 
     483  
     100%
  
    Gain on extinguishment of debt 
     -  
     179  
     (179) 
     (100)%
  
    Fair value movement on convertible note 
     806 
     -  
     806 
     (100)%
  
    Fair value movement on warrant 
     (811) 
     -  
     (811) 
     100%
  
    Other expense 
     -  
     (5) 
     (5) 
     (100