Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 273

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 273
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,353 |
| Issuance of shares under the FPA                                                                                            |     |           |    59,849 |
| Shares purchased by the accredited investor                                                                                 
 under the FPA                                                                                                               |     |           |    52,013 |
| Issuance of Alternus Clean Energy Inc.                                                                                      
 common stock to Alternus Energy Group Plc. on the Closing Date                                                              |     |           | 2,300,000 |
| Issuance of Alternus Clean Energy Inc.                                                                                      
 common stock to the CLIN Sponsor as a holder of CLIN convertible notes on the Closing Date                                  |     |           |     9,000 |
| Total – Alternus Clean Energy Inc.                                                                                          
 common stock outstanding as a result of the Business Combination, FPA, exchange of Acquired Subsidiaries’ shares for shares 
 of Alternus Clean Energy Inc. and issuance of Alternus Clean Energy Inc. common stock the holder of CLIN convertible notes. |     |           | 2,876,215 |

F-52

5. Fair Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

Level 1 — Quoted prices in active markets for identical assets or liabilities.

Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

As of September 30, 2024, the Forward Purchase Agreement value was $0, as presented below:

| Forward Purchase Agreement |     | Fair Value Measurement 
 Level 1                | - |     | Level 2 | - |     | Level 3 | - |     | Total | - |