Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 620

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1B
Chunk 620
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 following non-US GAAP table summarizes the
total capitalization and debt as of December 31, 2024 and December 31, 2023:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Convertible debt, secured 
    $2,626  
    $- 
  
    Senior Secured debt and promissory notes 
     27,718  
     32,312 
  
    Total debt 
     30,344  
     32,312 
  
    Less current maturities 
     (28,715) 
     (32,312)
  
    Long term debt, net of current maturities 
    $1,629  
    $- 

    Current Maturities 
    $28,715  
    $32,312 
  
    Less current debt discount 
     (1,239) 
     (725)
  
    Less net loss on issuance of convertible note & warrant 
     520  
     - 
  
    Less movement in fair value 
     (632) 
     - 
  
    Current Maturities net of debt discount 
    $27,364  
    $31,587 

    Long-term maturities 
    $1,629  
    $- 
  
    Less long-term debt discount 
     -  
     - 
  
    Long-term maturities net of debt discount 
    $1,629  
    $- 

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Cash and cash equivalents on the Consolidated Balance Sheets 
    $161  
    $4,042 
  
    Cash and cash equivalents of discontinued operations included in current assets of discontinued operations on the Consolidated Balance Sheets 
     -  
     1,361 
  
    Restricted cash of discontinued operations included in current assets of discontinued operations on the Consolidated Balance Sheets 
     -  
     19,161 
  
    Total cash, cash equivalents, and restricted cash on the Consolidated Statements of Cash Flow 
    $161  
    $24,564 

Restricted Cash relates to balances that are in
the bank accounts for specific defined purposes and cannot be used for any other undefined purposes. The decrease in available capital