Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 39

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 Stock Issuances

On January 2, 2025, a convertible
note holder converted $1,588,693 of the October Convertible Note into 2,118,262 shares of unrestricted common stock valued at $0.75 per
share.

On January 8, 2025, a convertible
note holder converted $202,500 of the October Convertible Note into 270,000 shares of unrestricted common stock valued at $0.75 per share.

On January 23, 2025, the Company
issued 1,526,058 shares of restricted common stock valued at $563,268 to certain investors of the promissory notes issued on January 23,
2025.

On February 6, 2025, a convertible
note holder converted $85,113 of the October Convertible Note into 113,485 shares of unrestricted common stock valued at $0.75 per share.

On February 11, 2025, a convertible
note holder converted $150,000 of the October Convertible Note into 200,000 shares of unrestricted common stock valued at $0.075 per share.

24

Preferred Stock

As of March 31, 2025 and December
31, 2024, the Company 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. There were 10,000 shares of Series A Super Voting Preferred Stock (the “Series A”) issued and outstanding
as of March 31, 2025.

The board of directors of
the Company has the authority to establish one or more series of preferred stock, fix the voting rights, if any, designations, powers,
preferences and any other rights, if any, of each such series and any qualifications, limitations and restrictions thereof.

Series A Super Voting Preferred Stock

Each share of the Series A
is entitled to have the right to vote in an amount equal to 10,000 votes per share, voting with the common stock on all matters as a single
class. Each share of Series A has a par value of $0.0001 per share. The Series A is not convertible into, or exchangeable for, shares
of any other class or series of stock or other securities of the Company. The Series A has no stated maturity and is not subject to any
sinking fund. The holders of Series A shall not be entitled to receive any distributions