Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 187

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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965)

18. Shareholders’ Equity

Common Stock

As of December 31, 2024, the
Company had a total of 300,000,000 shares of common stock authorized with 25,189 shares issued and outstanding. As of June 30, 2025, the
Company had a total of 600,000,000 shares of common stock authorized with 598,591 shares issued and outstanding.

Reverse Stock Split

On October 11, 2024, the Company
effected a one-for-25 (1:25) reverse stock split of all issued and outstanding shares of the Company’s common stock, par value $0.0001
per share (the “Common Stock”) effective as of 12:01 a.m. Eastern Time on October 11, 2024 (the “ 2024 Reverse Stock
Split”), vide a Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of Alternus Clean Energy,
Inc. (the “Certificate of Amendment”) filed with the Secretary of State of Delaware on October 3, 2024, and deemed effective
on October 11, 2024 at 12:01 a.m. Eastern Time. The 2024 Reverse Stock Split temporarily brought the Company into compliance with the
$1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market, as required by Nasdaq Listing Rule 5550(a)(2).

As a result of the 2024 Reverse
Stock Split, every twenty-five (25) shares of issued and outstanding Common Stock were combined into one (1) validly issued, fully paid
and non-assessable share of Common Stock. The 2024 Reverse Stock Split uniformly affected all issued and outstanding shares of Common
Stock and did not alter any stockholder’s percentage ownership interest in the Company, except to the extent that the 2024 Reverse
Stock Split results in fractional interests. No fractional shares will be or shall be issued in connection with the 2024 Reverse Stock
Split. Stockholders who otherwise would be entitled to receive fractional shares of Common Stock will receive an amount in cash (without
interest or deduction) equal to the fraction of one share to which such stockholder would otherwise be entitled multiplied by the share
price, representing the product of the average closing price of the Company’s common stock on the Nasdaq Capital Market for the
five consecutive trading days immediately preceding the effective date of the 2024 Reverse Stock Split and