Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 87

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 87
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 and Placement Agent Warrants may expire and may never be exercised. Additionally, because this is a “best effort” offering and there is no minimum offering amount required as a condition to the closing of this offering, the actual offering amount, the placement agents’ fees and net proceeds to us are not presently determinable and may be substantially less than the maximum amounts set forth on the cover page of this prospectus. As a result, we may receive significantly less in net proceeds. Based on the assumed offering price set forth above, we estimate that our net proceeds from the sale of 75%, 50%, and 25% of the securities offered in this offering would be approximately $[●] million, $[●] million, and $[●] million, respectively, after deducting the estimated placement agent fees and estimated offering expenses payable by us, and assuming no issuance of any Pre-Funded Units. The combined public offering price per Common Unit (or Pre-Funded Unit) will be fixed for the duration of this offering. We intend to use the net proceeds from this offering for working capital and other general corporate purposes and to repay the principal amount of $[●] in outstanding senior notes of the Company. Investors must rely on the judgment of our management, who will have broad discretion regarding the application of the remaining net proceeds of this offering after repayment of our outstanding debt obligations. The amounts and timing of our actual expenditures will depend upon numerous factors, including market conditions, cash generated by our operations (if any), business developments and the rate of our growth. We may find it necessary or advisable to use portions of the proceeds of this offering for other purposes. Pending these uses, we intend to invest the net proceeds of this offering in a money market or other interest-bearing account. 45 MARKET INFORMATION FOR SECURITIES AND DIVIDEND POLICY Market Information Our common stock is currently listed on Nasdaq under the symbol “ALCE”. Prior to the consummation of the Business Combination, our common stock was listed on Nasdaq under the symbol “CLIN”. As of January 24, 2025, there were 44 holders of record of our common stock. We currently do not intend to list the Warrants or Pre-Funded Warrants on any stock exchange or stock market, but currently have our Public Warrants trading on the OTC Markets Pink Tier under the trading symbol: OTCMKTS: ACLEW. Dividend Policy We have never declared or paid any dividends on shares of our common stock. We