Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 185

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 185
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 exercised during the period commencing October 1, 2024 (and as were further issued in several tranches on October 21, 2024, November 12, 2024, and December 5, 2024 to the October Purchase Agreement), and ending April 2, 2029, or later, based upon the initial date of the issuance. The Exercise Price is subject to full ratchet anti-dilution protection, subject to certain price limitations required by Nasdaq rules and regulations and certain exceptions, upon any subsequent transaction at a price lower than the Exercise Price then in effect and standard adjustments in the event of certain events, such as stock splits, combinations, dividends, distributions, reclassifications, mergers or other corporate changes. 122 Registration Rights Agreement In connection with the October 3i Note Transaction, the Company entered into a registration rights agreement, dated October 1, 2024, with 3i, LP (the “Registration Rights Agreement”). Under the Registration Rights Agreement, we agreed to file a resale registration statement covering the resale of the Shares by or before November 21, 2024, and to use commercially reasonable efforts to cause such resale registration statement to be declared effective by the SEC as promptly as possible after the filing thereof, but, which shall be necessitated to be deemed effective within 60 days after the day of initial filing of the registration statement, and 90 days following the filing if the SEC notifies the Company that the SEC shall “review” such registration statement. Private Placement of the October Convertible Note and October 3i Warrant In connection with the foregoing, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”), and agreed to issue the Placement Agent, a warrant to purchase up to an aggregate of 89,167 shares (“October Placement Agent Warrant Shares”) of our common stock (the “October Placement Agent Warrant”) at an exercise price of $2.20 per share, which October Placement Agent Warrant is exercisable at any time on or after the six-month anniversary of the closing date of the Private Placement and will expire on the third (3 rd) anniversary of the effective date of the registration statement registering the underlying October Placement Agent Warrant Shares. Pursuant to the October Placement Agency Agreement, in consideration for acting as the Placement Agent for the Private Placement, in addition to the October Placement Agent Warrant, the Company has agreed to (i) pay the Placement Agent a