Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 311

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 311
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    (in thousands) 
  
    Convertible debt, secured 
    $2,773  
    $2,626 
  
    Other debt 
     7,934  
     27,718 
  
    Total debt 
     10,707  
     30,344 
  
    Less current maturities 
     (10,707) 
     (28,715)
  
    Long term debt, net of current maturities 
    $-  
    $1,629 

    Current Maturities 
    $10,707  
    $28,715 
  
    Debt discount 
     343) 
     (1,239)
  
    Less net loss on issuance of convertible note & warrant 
     -  
     520 
  
    Movement in fair value 
     (732) 
     (632)
  
    Current Maturities net of debt discount 
    $10,318  
    $27,364 

    Long-term maturities 
    $-  
    $1,629 
  
    Less long-term debt discount 
     -  
     - 
  
    Long-term maturities net of debt discount 
    $-  
    $1,629 

    As of June 30,  
    As of December 31, 

    2025  
    2024 

    (in thousands) 
  
    Cash and cash equivalents 
    $10  
    $161 

51

Liquidity Position

Our consolidated financial statements for the
three and six months ended June 30, 2025 and for the year ended December 31, 2024 identifies the existence of certain conditions that
raise substantial doubt about our ability to continue as a going concern for twelve months from the issuance of this report. Refer to
Footnote 2 of the accompanying financial statements for more information.

On October 3, 2024, because Solis was unable to
fully repay the Solis Bonds, the Company sold Solis and its subsidiaries in Romania to Solis Trustee Special Vehicle Limited, the Solis
Bondholders’ ownership vehicle, for €1 in accordance with the terms of the Solis Bonds, as amended. As a result of the sale,
the Company eliminated approximately $115 million in debt and payables related to Solis activities and improved shareholders equity by
approximately $59 million