Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 180

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 180
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 of the April 3i Note has been converted into 1,026,256 shares of our common stock and $407,570 of its principal amount remains outstanding. October 3i Warrants On October 1, 2024, Alternus Clean Energy, Inc. (the “Company”), a company incorporated under the laws State of Delaware, entered into a Securities Purchase Agreement (the “October Purchase Agreement”), by and between the Company and an institutional investor (the “Investor”), pursuant to which the Company agreed to issue to the Investor a series of senior convertible notes up to an aggregate principal amount of $2,500,000, issued at a twelve percent (12.0%) original issue discount (each a “October Convertible Note” and together, the “October Convertible Notes”), and warrants (each a “October 3i Warrant” and together the “October 3i Warrants”) to purchase shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), equal to 50% of the face value of the October Convertible Note divided by the volume weighted average price, at an exercise price of $1.50 per share (the “Exercise Price”), now adjusted to $1.00 per share. 120 The October Convertible Notes The October Convertible Notes were issued with a principal balance of $2,500,000 at a twelve percent (12.0%) original issue discount, mature at a one-year term, starting from September 30, 2025, or later as issued further to the tranches, (unless accelerated due to an event of default, or accelerated up to six installments by the Investor), bears interest at a rate of seven percent (7%) per annum, which shall automatically be increased to twelve percent (12.0%) per annum in the event of default and ranks senior to the Company’s existing and future unsecured indebtedness. The October Convertible Notes are convertible in whole or in part at the option of the Investor into shares of Common Stock (the “October Conversion Shares”) at the Conversion Price (as defined below) at any time following the date of issuance of the October Convertible Notes. The October Convertible Notes are payable monthly on each Installment Date (as defined in the Convertible Notes) commencing on the earlier of December 1, 2024 and the effective date of the initial registration statement required to be filed pursuant to the Registration Rights Agreement (as defined below) in an amount