Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 358

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 358
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 A Super Voting
Preferred Stock, par value $0.0001 per share (“Series A”). On February 18, 2025, the Company filed a certificate of designation
(the “Certificate of Designation”) with the Secretary of State of the State of Delaware therein establishing the Series A
Super Voting Preferred Stock and describing the rights, obligations and privileges of the Series A Super Voting Preferred Stock. Concurrently,
the Company issued the 1 share of Series A on the same date, in book-entry form. Each share of Series A has a par value of $0.0001 per
share. The Series A is not convertible into, or exchangeable for, shares of any other class or series of stock or other securities of
the Company. The Series A has no stated maturity and is not subject to any sinking fund. The holders of Series A shall not be entitled
to receive any distributions in the event of any liquidation, dissolution or winding up of the Company.

On March 21, 2025 the Company filed an Amended
and Restated Certificate of Designation of its Series A, such that 10,000 shares are designated as Series A and issued to Mr. Vincent
Browne and each share of the Series A is entitled to have the right to vote in an amount equal to 10,000 votes per share, voting with
the common stock on all matters as a single class.

On April 24, 2025 the Company issued an additional
50,000 shares of Series A to Mr. Browne.

43

Securities Authorized
for Issuance Under Equity Compensation Plans

On
October 9, 2022, our board of directors approved and on December 4, 2023 our stockholders approved the Alternus Clean Energy Inc.
2023 Equity Incentive Plan (the “2023 Plan”). The 2023 Plan provides for the grant of the following types of stock awards:
(i) incentive stock options, (ii) stock appreciation rights, (iii) restricted stock awards, (iv) restricted stock unit awards and (v)
performance awards. The 2023 Plan is intended to help the Company secure and retain the services of eligible award recipients, provide
incentives for such persons to exert maximum efforts for the success of the Company and any affiliate and provide a means by which the
eligible recipients may benefit from increases in value of the common stock. The Board originally reserved 320,000 shares of common
stock issuable upon