Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 32

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 32
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 “April Maxim Warrants”);        |
| ● | Up to 1,337,505 shares of common stock issuable upon the exercise of warrants issued to 3i LP as part of a note issued in October (the “October 3i Warrants”); and       |
| ● | up to 127,215 shares of common stock issuable upon the exercise of warrants issued to Maxim with an exercise price of $2.20 per share (the “October Maxim Warrants”).    |
| ● | An indeterminate number of shares that may be issued upon full conversion of the April 3i Notes and the October 3i Notes.                                                |

11 RISK FACTORS Investing in our securities involves a high degree of risk. You should carefully consider the risks and uncertainties described below together with all of the other information contained in this prospectus, including the risks and uncertainties discussed above under “Special Note Regarding Forward-Looking Statements,” our financial statements and related notes appearing at the end of this prospectus and in the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” before deciding to invest in our securities. If any of the events or developments described below were to occur, our business, prospects, operating results and financial condition could suffer materially, the trading price of our common stock could decline, and you could lose all or part of your investment. The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also adversely affect our business. Risks Related to Our Business and Industry Our limited operating history may not serve as an adequate basis to judge our future prospects and results of operations. We were founded in 2021, and therefore, have limited operating history. Since inception, we have experienced net losses and have not achieved profitability. For the years ended December 31, 2023 and 2022, we had net losses of $69.5 million and $18.4 million, and for the nine-months ended September 30, 2024, and September 30, 2023, we had net losses of $18.5 million and $21.5 million respectively. We expect to incur additional losses as we implement our strategy of expanding business operations in North America and Europe and other select geographies. Our rapidly evolving business and, in particular, our relatively limited operating history may not be an adequate basis for evaluating our business prospects and financial performance. Thus,