Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 34

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 34
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 October Note Transaction, we issued the October Convertible Notes which had a principal balance of $2,500,000, of which $416,950 is outstanding. On December 4, 2024 we issued a 20% original issue discount note in the principal amount of $1,250,000, all of which is due in April of 2025. ]. On January 23, 2025, we issued the Bridge Notes which have a principal balance of $2,812,500 and were issued with 20% OID which are due upon the earlier of a) April 23, 2025, b) the date on which the sum of the net proceeds of capital raises subsequent to the issuance date equals or exceeds 200% of the principal amounts due under the Notes, and (c) the closing date of the Company’s next registered offering of securities. 12 It is likely that we will continue to be highly leveraged. The degree to which we remain leveraged could have important consequences to stockholders of the Company, including, but not limited to:

| ● | making                                                                                                       
 it more difficult for the Company to satisfy its obligations with respect to its other debt and liabilities; |

| ● | increasing                                                                                                                    
 the Company’s vulnerability to, and reducing its flexibility to respond to, general adverse economic and industry conditions; |

| ● | requiring                                                                                                                              
 the dedication of a substantial portion of the cash flow of the Company from operations to the repayment of principal of, and interest 
 on, indebtedness, thereby reducing the availability of such cash flow and limiting the ability to obtain additional financing to       
 fund working capital, capital expenditures, acquisitions, joint ventures or other general corporate purposes, such as payments to      
 suppliers for PV modules and balance-of-system components and contractors for design, engineering, procurement, and construction       
 services;                                                                                                                              |

| ● | limiting                                                                                                                   
 the Company’s flexibility in planning for, or reacting to, changes in its business and the competitive environment and the 
 industry in which it operates; and                                                                                         |

| ● | placing                                                                                                                        
 the Company at a competitive disadvantage as compared to its competitors, to the extent that they are not as highly leveraged. |

The terms of our indebtedness, including the covenants and the dates on which principal and interest payments on our indebtedness are due, increases the risk that we will be unable to continue as a going concern. To continue as a going concern over the next twelve months, we must make payments on our