Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1625

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 4
Chunk 1625
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 authorized with 2,876,215 shares issued and outstanding. As of December 31,
2024, the Company had a total of 300,000,000 shares of common stock authorized with 5,037,826 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 “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.

As a result of the Reverse
Stock Split, every twenty-five (25) shares of issued and outstanding Common Stock were combined into one (1) validly issued, fully paid
and nonassessable share of Common Stock. The 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 Reverse Stock Split
results in the fractional interests. No fractional shares will be or shall be issued in connection with the 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 Reverse Stock Split and the inverse of the Reverse Stock Split ratio. Proportional
adjustments have also been made to the Company’s outstanding warrants, stock options, and convertible securities, as well as to
the reserves available pursuant to the terms of the Company’s 2023 Equity Incentive Plan to reflect the Reverse Stock Split, in
each case, in accordance with the terms thereof.

All share and per share amounts
in the accompanying consolidated financial statements and notes thereto have been retroactively adjusted to reflect the reverse