Company: ALCE
Filing Date: 2025-05-05
Form Type: DEF 14C
Source: 0001213900-25-039445
Chunk: 5

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-05-05
Form: DEF 14C
Chunk 5
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 dilution in their ownership or voting rights as a result of the increase in authorized shares of our common stock, but will experience
dilution to the extent additional shares are issued in the future.

Having an increased number of authorized but unissued
shares of our common stock would allow us to take prompt action with respect to corporate opportunities that develop, without the delay
and expense of convening a special meeting of stockholders for the purpose of approving an increase in our capitalization. The issuance
of additional shares of our common stock may, if such shares are issued at prices below what current stockholders’ paid for their
shares, reduce stockholders’ equity per share and dilute the value of current stockholders’ shares. It is not the present
intention of the Board to seek stockholder approval prior to any issuance of shares of our common stock that would become authorized by
our Certificate of Amendment unless otherwise required by law or regulation. Frequently, opportunities arise that require prompt action,
and it is the belief of the Board that the delay necessitated for stockholder approval of a specific issuance could be to the detriment
of us and our stockholders.

When issued, the additional shares of our common
stock authorized by the Certificate of Amendment will have the same rights and privileges as the shares of our common stock currently
authorized and outstanding. Holders of our common stock have no preemptive rights and, accordingly, stockholders would not have any preferential
rights to purchase any of the additional shares of our common stock when such shares are issued.

Shares of authorized and unissued our common stock
could be issued in one or more transactions that could make it more difficult, and therefore less likely, that any takeover of us could
occur. Issuance of additional shares of our common stock could have a deterrent effect on persons seeking to acquire control. The Board
also could, although it has no present intention of so doing, authorize the issuance of shares of our common stock to a holder who might
thereby obtain sufficient voting power to assure that any proposal to effect certain business combinations or amendment to our Certificate
of Incorporation or Bylaws would not receive the required stockholder approval. Accordingly, the power to issue additional shares of our
common stock could enable the Board to make it more difficult to replace incumbent directors and to accomplish business combinations opposed
by the incumbent Board.

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Effectiveness of the Amendment

The amendment to the Certificate of Incorporation
will become effective twenty (20)