Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 158

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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2025 financing. As of March 31, 2025, warrants to purchase up to
3,143,328 shares of common stock were issued and outstanding.

     Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term
(Years)   Outstanding - January 1, 2024   493,800   $280.50    4.93   Issued during the quarter   3,600    0.25    0.03   Expired during the quarter   -    -    -   Outstanding – March 31, 2024   497,400    278.50    4.73   Exercisable – March 31, 2024   497,400   $278.50    4.73  

     Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term
(Years)   Outstanding – January 1, 2025   3,067,025   $46.07    4.85   Issued during the quarter   76,303    0.41    0.12   Expired during the quarter   -    -    -   Outstanding – March 31, 2025   3,143,328    44.96    4.61   Exercisable – March 31, 2025   3,143,328   $44.96    4.61  

25

18. Segment and Geographic Information

Effective January 1, 2024,
the Company adopted Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.
This update requires disclosure of significant segment expenses regularly provided to the Chief Operating Decision Maker (CODM) and enhances
qualitative disclosures about segment operations. The adoption of this ASU did not impact the Company’s consolidated financial position,
results of operations, or cash flows.

The Company has two reportable
segments that consist of PV operations by geographical region, United States Operations and European Operations. The Chief Operating Decision-Maker
(CODM) is the CEO.

Historically, the European
Segment had derived revenues from three sources, Country Renewable Programs, Green