Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 74

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 Senior Secured debt and promissory notes 
     9,775  
     27,718 
  
    Total debt 
     10,380  
     30,344 
  
    Less current maturities 
     (10,380) 
     (28,715)
  
    Long term debt, net of current maturities 
    $-  
    $1,629 

    Current Maturities 
    $10,380  
    $28,715 
  
    Less current debt discount 
     (633) 
     (1,239)
  
    Less net loss on issuance of convertible note & warrant 
     -  
     520 
  
    Less movement in fair value 
     (154) 
     (632)
  
    Current Maturities net of debt discount 
    $9.593  
    $27,364 

    Long-term maturities 
    $-  
    $1,629 
  
    Less long-term debt discount 
     -  
     - 
  
    Long-term maturities net of debt discount 
    $-  
    $1,629 

    As of
 March 31,  
    As of
 December 31, 

    2025  
    2024 

    (in thousands) 
  
    Cash and cash equivalents 
    $81  
    $161 

45

Liquidity Position

Our consolidated financial statements for the
three months ended March 31, 2025 and for the year ended December 31, 2024 identifies the existence of certain conditions that raise substantial
doubt about our ability to continue as a going concern for twelve months from the issuance of this report. Refer to Footnote 2 of the
accompanying financial statements for more information.

On October 3, 2024, because Solis was unable to
fully repay the Solis Bonds, the Company sold Solis and its subsidiaries in Romania to Solis Trustee Special Vehicle Limited, the Solis
Bondholders’ ownership vehicle, for €1 in accordance with the terms of the Solis Bonds, as amended. As a result of the sale,
the Company eliminated approximately $115 million in debt and payables related to Solis activities and improved shareholders equity by
approximately $59 million. Solis accounted for 98% of group revenues for the nine months