Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 186

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 186
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 cash fee of 7.0% of the gross proceeds received by the Company from the Investor, and (ii) reimburse up to $50,000 of the Placement Agent’s reasonable accountable expenses, including, without limitation, fees and disbursements of Maxim’s counsel and all travel and other out-of-pocket expenses. The Placement Agency Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties thereto, and termination provisions. The offer and sale of the securities in the Private Placement was made pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act, as amended (the “Securities Act”) and/or Rule 506(b) of Regulation D promulgated thereunder. Such offer and sale was made only to an “accredited investor” under Rule 501 of Regulation D promulgated under the Securities Act, and without any form of general solicitation and with full access to any information requested by such investor regarding the Company or the securities offered and to be issued in the Private Placement. Adjustment Notice On December 2, 2024, the Company and 3i, LP entered into an adjustment notice, pursuant to which the Company: (i) revised the conversion price for the April 2024 Convertible Notes, and October Convertible Notes to $1.00 per share, and (ii) adjusted the April 3i Warrant to purchase up to an aggregate 1,157,322 shares at an exercise price of $1.00 per share, and adjusted October 3i Warrants to 1,337,505 warrant shares, at an exercise price of $1.00 per share, pursuant to the Adjustment Notice, and (iii) completion of the fourth tranche to the October Purchase Warrant in the principal amount of $244,317 and an October 3i Warrant to purchase up to 130,710 shares of Common Stock at an exercise price of $1.00 per share within two business days of the initial filing of the current registration statement with the SEC. December 2024 Note Issuance In connection with the December Purchase Agreement, dated as of December 4, 2024, we issued a 20% original issue discount promissory convertible note (the “Secure Net Note”) with a maturity date of April 2025, in the principal sum of $1,250,000, which if crossed along with certain events of default (