Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 238

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 238
---
| Issuance of Alternus Clean Energy, Inc. common stock to                                                                          
 promissory note holders                                                                                                          |     |           |    400,000 |
| Exchange of CLIN Class A common                                                                                                  
 stock held by CLIN Sponsor for Alternus Clean Energy Inc. common stock                                                           |     |           |  8,556,667 |
| Subtotal - Business Combination,                                                                                                 
 net of redemptions                                                                                                               |     |           | 11,383,809 |
| Issuance of shares under the FPA                                                                                                 |     |           |  1,496,234 |
| Shares purchased by the accredited                                                                                               
 investor under the FPA                                                                                                           |     |           |  1,300,320 |
| Issuance of Alternus Clean Energy                                                                                                
 Inc. common stock to Alternus Energy Group Plc. on the Closing Date                                                              |     |           | 57,500,000 |
| Issuance of Alternus Clean Energy                                                                                                
 Inc. common stock to the CLIN Sponsor as a holder of CLIN convertible notes on the Closing Date                                  |     |           |    225,000 |
| Total – Alternus Clean Energy                                                                                                    
 Inc. common stock outstanding as a result of the Business Combination, FPA, exchange of Acquired Subsidiaries’ shares for shares 
 of Alternus Clean Energy Inc. and issuance of Alternus Clean Energy Inc. common stock the holder of CLIN convertible notes.      |     |           | 71,905,363 |

| 5. | Fair Value Measurements |

Fair value is defined as the
exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous
market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure
fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable
inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

Level 1 — Quoted prices in active
markets for identical assets or liabilities.

Level 2 — Observable inputs other
than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for
identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated
by observable market