Company: ALCE
Filing Date: 2025-02-07
Form Type: PRE 14C
Source: 0001213900-25-011375
Chunk: 7

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-02-07
Form: PRE 14C
Chunk 7
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 decline in value. 2

Effects of a Reverse Stock Split As of the effective date of the Reverse Stock Split: •each 1 -for-2to 1 -for-250shares of common stock outstanding (depending on the Reverse Stock Split ratio selected by the Board) will be combined, automatically and without any action on the part of the Company or its stockholders, into one new share of common stock; •no fractional shares of common stock will be issued; instead, stockholders who would otherwise receive a fractional share will receive cash in lieu of the fractional share (as detailed below); •proportionate adjustments will be made to the number of shares issuable upon the exercise or vesting of all then -outstandingstock options, warrants and restricted stock units, which will result in a proportional decrease in the number of shares of common stock reserved for issuance upon exercise or vesting of such stock options, warrants and restricted stock units, and, in the case of stock options, a proportional increase in the exercise price of all such stock options; •the number of shares of common stock then reserved for issuance under our equity compensation plan will be reduced proportionately; and •the total number of authorized shares of common stock will remain at 300,000,000. The following table summarizes, for illustrative purposes only, the anticipated effects of a Reverse Stock Split on our shares available for issuance based on information as of the Record Date (unless otherwise noted below) and without giving effect to the treatment of fractional shares. Assuming this Proposal Is Implemented by the Board:

| Status                         |     |   Number of 
   Shares of 
      Common 
       Stock 
  Authorized |     | Number of   
 Shares of   
 Common      
 Stock       
 Issued      
 and         
 Outstanding |     | Number of   
 Shares of   
 Common      
 Stock       
 Reserved    
 for Future  
 Issuance(1) |     | Number of  
 Shares of  
 Common     
 Stock      
 Authorized 
 but        
 Unissued   
 and        
 Unreserved |     | Hypothetical 
 Initial      
 Market       
 Value of     
 Shares of    
 Common       
 Stock        
 Authorized   
 but          
 Unissued     
 and          
 Unreserved*  |
|:-------------------------------|:----|------------:|:----|:------------|:----|:------------|:----|:-----------|:----|:-------------|
| Pre-Reverse Stock Split        |     | 300,000,000 |     |             |     |             |     |            |     | $            |
| Post-