Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 53

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 53
---
 upon liquidation or winding up of the Company, and ii) is not entitled to participate with holders of Common Stock in any
dividends paid by the Company, management previously concluded that there was no economic value inherent in Series A Preferred Stock (i.e.,
the value in the 10,000 shares issued in Q1 was solely related to the control premium or a hypothetical option on control of the Company).
In connection with the April issuance, there was no control premium implicit in the additional 50,000 shares because Mr. Browne maintained
voting control both before and after the issuance. As a result, no compensation expense was recorded in connection with the April issuance.

Warrants

As of June 30, 2024, warrants
to purchase up to 8,313 shares of common stock were issued and outstanding. These warrants were related to financing activities. During
the six months ended June 30, 2024, the Company issued 5,844 additional warrants; during the six months ended June 30, 2025, the Company
issued 382 additional warrants exercisable at $81.18 per share with a five-year term to Maxim as compensation for placement agent services
related to the January 21, 2025 financing, and the Company issued 170,000 warrants exercisable at $6.00 per share with a 5.5 year term
to 3i as part of a financing activity. As of June 30, 2025, warrants to purchase up to 185,717 shares of common stock were issued and
outstanding.

     Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term (Years)   Outstanding - January 1, 2024   2,469   $56,100    4.93   Issued during the period   5,844    216    1.82   Expired during the period   -    -    -   Outstanding – June 30, 2024   8,313    9,214    4.58   Exercisable – June 30, 2024   8,313   $9,214    4.58  

28

     Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term (Years)   Outstanding – January 1, 2025