Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 182

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 182
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144 as in effect on the Issuance Date) of the Company during the three months immediately preceding such date, without volume or manner-of-sale restrictions or current public information requirements as determined by the counsel to the Company as set forth in a written opinion letter to such effect, addressed and acceptable to the Company’s transfer agent and the holder of the October Convertible Notes, (d) our common stock is trading on the Company’s principal trading market and the shares issuable under the October Convertible Notes and the October 3i Warrants are listed or quoted for trading on such principal trading market, (e) there is a sufficient number of authorized but unissued and otherwise unreserved shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Convertible Note and the 3i Warrant, (f) there is no existing event of default and no existing event which, with the passage of time or the giving of notice, would constitute an event of default, (g) the issuance of the shares in question to the holder of the October Convertible Notes would not violate certain limitations under the October Convertible Notes, (h) there has been no public announcement of a pending or proposed change of control of the Company that has not been consummated, (i) the holder of the October Convertible Notes are not in possession of any information provided by the Company, any of its Subsidiaries, or any of their officers, directors, employees, agents or Affiliates, that constitutes, or may constitute, material non-public information, (j) the Company has timely filed all of its SEC reports during the time period in question, (k) the average daily VWAP of our common stock for the twenty (20) trading days immediately prior to the applicable date in question exceeds $18.75, subject to adjustment; and (l) the average daily trading volume of the Common Stock on our principal trading market during the twenty (20) trading day period ending on the trading day immediately prior to the applicable date in question exceeds $100,000. The October Convertible Notes are convertible, at the option of the Investor, at any time, into such number of shares of Common Stock of the Company equal to the principal amount of the October Convertible Notes plus all accrued and unpaid interest at a conversion price equal to $1.50 (the “Conversion Price”), now adjusted to $1.00 per share. The Conversion Price is subject to full ratchet anti-dilution protection, subject to