Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1627

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 4
Chunk 1627
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On October 21, 2024, the Company
issued 189,000 shares of unrestricted common stock valued at $2 per share in exchange for the conversion of $378,000 worth of the Convertible
Note issued on April 19, 2024.

On November 14, 2024, the
Company issued 195,000 shares of unrestricted common stock valued at $1.50 per share in exchange for the conversion of $292,500 worth
of the Convertible Note issued on April 19, 2024.

On December 2, 2024, the Company
issued 100,000 shares of unrestricted common stock valued at $1 per share in exchange for the conversion of $100,000 worth of the Convertible
Note issued on April 19, 2024.

On December 20, 2024, the
Company issued 50,000 shares of unrestricted common stock valued at $1 per share in exchange for the conversion of $50,000 worth of the
Convertible Note issued on April 19, 2024.

On December 20, 2024, the
Company issued 45,429 shares of unrestricted common stock valued at $0.75 per share in exchange for the conversion of $34,146 worth of
the Convertible Note issued on October 1, 2024.

On December 23, 2024, the
Company issued 223,017 shares of unrestricted common stock valued at $0.82 per share as collateral to Sunrise Development as repayment
of debt.

Preferred Stock

As of December 31, 2024 and
2023, the Company also had a total of 1,000,000 shares of preferred stock authorized. There were no preferred shares issued or outstanding
as of December 31, 2024 and 2023. The board of directors of the Company has the authority to establish one or more series of preferred
stock, fix the voting rights, designations, powers, preferences and any other rights, if any, of each such series and any qualifications,
limitations and restrictions thereof.

Warrants

As of December 31, 2023, warrants
to purchase up to 493,800 shares of common stock were issued and outstanding. These warrants were related to financing activities. As
inducement to extend the maturity of an existing note with warrants, on February 5, 2024, the Company issued 3,600 additional penny warrants
with a five-year