Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 298

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 298
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       - |   |
| Loss on issuance of debt                            |     |                    |      - |   |     |      |       - |   |     |                   |    (948 | ) |     |      |       - |   |
| Gain on extinguishment of debt                      |     |                    |      - |   |     |      |       - |   |     |                   |     179 |   |     |      |       - |   |
| Net Loss                                            |     | $                  | (1,200 | ) |     | $    |  (1,119 | ) |     | $                 |  (8,691 | ) |     | $    |  (3,109 | ) |
| Consolidated Net Loss                               |     | $                  | (5,072 | ) |     | $    | (14,593 | ) |     | $                 | (18,486 | ) |     | $    | (21,500 | ) |

21. Income Tax Provision The Company’s provision from income taxes for interim periods is determined using its effective tax rate expected to be applied for the full year. The Company’s effective tax rate was 0.0% for the nine months ended September 30, 2024 and 0.0% the nine months ended September 30, 2023 respectively, as it maintains a full valuation allowance against its net deferred tax assets. The Company assesses the realizability of the deferred tax assets at each reporting date. The Company continues to maintain a full valuation allowance for its net deferred tax assets. If certain substantial changes in the entity’s ownership occur, there may be an annual limitation on the amount of carryforwards that can be utilized. The Company will continue to assess the need for a valuation allowance on its deferred tax assets. 22. Related Party Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the instrument. F-74 AEG: On October 12, 2022, AEG entered into the Business Combination Agreement with the Company and Clean Earth Acquisition Sponsor LLC (the “Sponsor”) which closed on December 22, 2023 (See FN 1). In conjunction with the Business Combination Agreement, AEG also entered into an Investor Rights Agreement. The Investor Rights Agreement provides for certain governance requirements, registration rights and a lockup agreement under which AEG is restricted from selling its shares in the Company for one year, or until December 22