Company: ALCE
Filing Date: 2025-01-24
Form Type: 8-K
Source: 0001213900-25-006385
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Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-24
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into
a Material Definitive Agreement.

Securities Purchase
Agreement

On January 21, 2025,
Alternus Clean Energy, Inc., a Delaware corporation (the “ Company”) entered into a securities purchase agreement (the “ Purchase
Agreement”) with certain investors (the “ Purchasers”) pursuant to which the Company sold, in a private placement (the
“ Offering”), unsecured 20% original issue discount promissory notes with an aggregate principal amount of $2,812,500 (the
“ Notes”). The Purchase Agreement also provides for the issuance of an aggregate of 1,526,058 shares of common stock of the
Company, par value $0.0001 per share (the “ Shares”) to the Purchasers. The transaction closed on January 23, 2024 (the “ Closing
Date”).

The aggregate gross proceeds
to the Company are expected to be $2,250,000, before deducting placement agent fees and expenses, $580,000 of such proceeds were released
on the Closing Date and the remaining amount shall be held in escrow, which will be released to the Company upon the later of: i) filing
the registration statement referenced below and ii) the date on which the Company receives a written communication from the Nasdaq Stock
Market (“ Nasdaq”) that Nasdaq has granted the Company an extension to meet the continued listing requirements of the Nasdaq.
If the second disbursement has not occurred within 60 days of the Closing Date, the Escrow Agent shall disburse the funds back to the
Purchasers as provided below against cancellation of a proportional portion of each Purchaser’s Note (inclusive of original issue
discount). The Company intends to use the net proceeds from the Offering for working capital and other general corporate purposes.

Placement Agency Agreement

On January 21, 2025 the
Company and Maxim Group LLC (“ Maxim”) entered into the placement agency agreement (the “ Placement Agency Agreement”)
pursuant to which Maxim served as the placement agent in the Offering, pursuant to the terms of a Placement Agency Agreement and received
8% of the gross proceeds of the Offering, and placement agent warrants to purchase up to 76,303 shares of common stock at $0.4059per share (the “ Placement Agent Warrants”) and reimbursement of the legal fees of its counsel of up to $50,000. The Placement
Agent Warrants will be exercisable on the six (6