Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 205

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 205
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has full voting rights and powers equal to the voting rights and powers of holders of common stock, and for so long as Series B is issued
and outstanding, the holders of Series B shall vote together as a single class with the holders of the Company’s common stock and
the holders of any other class or series of shares entitled to vote on all such matters equal to the number of whole shares of Common
Stock into which the shares of Series B Preferred Stock held by such holder are convertible as of the record date for determining stockholders
entitled to vote on such matter. (For avoidance of doubt, voting rights are on an ‘as-converted’ basis.)

Dividend Rights. The holders of Series
B, as such, will not be entitled to receive dividends of any kind.

Liquidation Preference. The holders of Series B shall be entitled
to receive distributions in the event of any liquidation, dissolution or winding up of the Company pari passu with the Common Stock.

36

ITEM 2 - MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of our
financial condition and results of our operations should be read in conjunction with the condensed consolidated financial statements and
related notes included elsewhere in this report and in our Annual Report on Form 10-K filed with the Securities and Exchange Commission
on June 27, 2025. In addition to historically consolidated financial information, this discussion contains forward-looking statements
that involve risks and uncertainties. Our actual results could differ materially from those discussed below. Factors that could cause
or contribute to these differences include, but are not limited to, those identified below, and those discussed in “Item 1A. Risk
Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024, in “Item 1A. Risk Factors” in
Part II of this Quarterly Report on Form 10-Q and in any subsequent filing we make with the SEC.

Overview

We are a renewable energy company committed to
advancing sustainable solutions. With a focus on utility-scale projects, such as utility solar parks, microgrids and battery storage,
we aim to deliver comprehensive, clean energy across Europe and America. Through strategic investments, we are building a portfolio poised
to lead the transition to a sustainable energy future.

The Company was incorporated in Delaware on May
14, 2021, and was originally known as Clean Earth Acquisitions Corp. (“Clean Earth”