Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 305

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 305
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 were issued in connection with the 2024 Reverse Stock Split. Any fractional shares of our Common Stock that would have otherwise resulted from the 2024 Reverse Stock Split received an amount in cash (without interest or deduction) equal to the fraction of one share to which such stockholder would otherwise be entitled multiplied by the share price, representing the product of the average closing price of the Company’s common stock on the Nasdaq Capital Market for the fiveconsecutive trading daysimmediately preceding the effective date of the Reverse Stock Split and the inverse of the 2024 Reverse Stock Split ratio. All historical share and per-share amounts reflected throughout this prospectus, including the consolidated financial statements and other financial information that are incorporated by reference in this prospectus have been retroactively adjusted to reflect the 2024 Reverse Stock Split as if the split occurred as of the earliest period presented. The par value per share of the Common Stock was not affected by the 2024 Reverse Stock Split. F-77 On October 7, 2024, the Company issued 26,750shares of unrestricted common stock valued at $ 2per share in exchange for the conversion of $ 53,500worth of the Convertible Note issued on April 19, 2024. On October 8, 2024, the Company issued 447,050shares of unrestricted common stock valued at $ 2per share in exchange for the conversion of $ 894,100worth of the Convertible Note issued on April 19, 2024. On October 9, 2024 the Company issued 20,000shares of restricted common stock valued at a market value of $ 2.70per share for marketing advisory services provided. On October 15, 2024, one of the Company’s indirect wholly owned US subsidiaries closed a tax credit transfer of approximately $ 1.74million of 2023 investment tax credits. On October 21, 2024, the Company issued 189,000shares of unrestricted common stock valued at $ 2per share in exchange for the conversion of $ 378,000worth of the Convertible Note issued on April 19, 2024. On November 5, 2024, the Company’s Audit Committee dismissed Forvis Mazars, LLP (“Forvis Mazars”) as the Company’s independent registered public accounting firm. Also on November 5, 2024, the Company’s Audit Committee approved, and the Company’s Board of Directors (the “Board”) ratified, the engagement