Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 89

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 to each of our 4 current independent directors (Ms. Bjornov, Mr. Wikborg, Mr. Parker and Mr. Ratner)
and one past director, Mr. Chaudhri, 15,000,000 shares each to Mr. Browne, our CEO, and Mr. Thomas, our executive director, 5,000,000
shares to Ms. Durant, our CLO, 2,500,000 shares to an employee for past services rendered, 5,750,000 shares to Hover Energy LLC for certain
assets acquired and 27,570,000 shares to four accredited third party debt holders.

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

On April 28, 2025 the Company issued a warrant to purchase
up to 34,000,000 shares of the Company’s common stock at an exercise price of $0.03 per share to an accredited investor. The warrant
is exercisable immediately and will expire on the date that is five and one-half (5 1/2) years after its date of issuance.

On April 28, 2025, the Company entered into a Settlement
Agreement and Stipulation (the “Agreement”) with Southern Point Capital Corporation (“SPC”), pursuant to which
the Company agreed to issue Common Stock to SPC in exchange for the settlement of an aggregate of $4,242,963.60 (the “Settlement
Amount”) to resolve outstanding overdue liabilities with different vendors. on May 2, 2025, the Company issued 4,000,000 shares
of Common Stock to SPC as a settlement fee.

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

On May 20, 2025 the Company issued 8 million shares of restricted
common stock to a related party, Alternus Energy Group PLC, for services rendered, valued at $224,000.

Issuer Purchases of Equity Securities

None.

54

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None 

Item 6. Exhibits 

    Exhibit No.
     
    Description
  
    3.