Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 88

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 88
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 anticipate that we will retain all of our future earnings, if any, for use in the operation and expansion of our business and do not anticipate paying cash dividends in the foreseeable future. Any decision to declare and pay dividends in the future will depend on, among other things, the consent of our lender(s), our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our board of directors may deem relevant. 46 CAPITALIZATION The following table sets forth our consolidated cash and capitalization, as of September 30, 2024. Such information is set forth on the following basis:

| ● | on an actual basis;                                                                                                                   |
| ● | on a pro forma basis giving                                                                                                           
 effect to the sale and issuance of (i) senior convertible notes with an aggregate principal amount of $2.5 million; (ii) the 20%      
 original issue discount note with the outstanding principal balance of $1.25 million, (iii) the $500,000 note issued, (iv) the Bridge 
 Notes, which have an outstanding principal balance of $2.81 million; (v) accounting for the sale of Solis and other subsidiaries      
 during Q4, 2024 and (vi) an aggregate of 6,157,552 shares of common stock after September 30, 2024 and prior to the date of this      
 prospectus; and                                                                                                                       |

| ● | on a pro                                                                                                                    
 forma as adjusted basis giving effect to the sale of [●] Common Units (assuming no sale of Pre-Funded Units and no exercise 
 of the Warrants issued in connection with this offering) by us in this offering at an assumed public offering price of $[●] 
 per Common Unit, after deducting the placement agent fees and offering expenses.                                            |

You should read the following table in conjunction with “ Use of Proceeds,” “ Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements and related notes included in this prospectus. The pro forma as adjusted information set forth below is illustrative only and will be adjusted based on the actual public offering price and other terms of this offering determined at pricing.

|                                                                                                                                           |     | As of September 30, 2024 
 In thousands             |          |   |     |           |         |   |     |             |     |   |
|:------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------------------|---------:|:--|:----|:----------|--------: