Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 189

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 189
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2023 Equity Incentive Plan to reflect the
Sept 2025 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 both the 2024 Reverse
Stock Split and the Sept 2025 Reverse Stock Split for all periods presented.

Common Stock Issuances

On April 14, 2025 the
Company issued a total of 484,100 shares of restricted common stock valued at $3,872,800, including 55,000 shares to Alternus Energy Group
PLC, a related party, 15,000 shares to each of our 4 current independent directors (Ms. Bjornov, Mr. Wikborg, Mr. Parker and Mr. Ratner)
and one past director, Mr. Chaudhri, 75,000 shares each to Mr. Browne, our CEO, and Mr. Thomas, our executive director, 25,000 shares
to Ms. Durant, our CLO, 12,500 shares to an employee for past services rendered, 28,750 shares to Hover Energy LLC for certain assets
acquired and 137,850 shares to four accredited third party debt holders.

On May 1, 2025 the Company
issued 5,000 shares of restricted common stock to Assure Power, LLC for services pursuant to a consulting agreement, valued at $43,000.

On May 2, 2025, the Company
issued 20,000 shares of common stock to SPC as a settlement fee, valued at $172,000.

On May 20, 2025 the Company
issued 40,000 shares of restricted common stock to a related party, Alternus Energy Group PLC, for services rendered, valued at $224,000.

On June 30, 2025 a convertible
promissory note holder converted $67,063 worth of the October Convertible Note into 29,500 shares of unrestricted common stock valued
at $6.40 per share.

27

Preferred Stock

As of June 30, 2025 and December
31, 2024, the Company had a total of 1,000,000 shares of preferred stock authorized. There were no preferred shares issued or outstanding
as of December 31, 2024. There were 60,000 shares of Series A Super Voting Preferred Stock (the “Series A”)