Company: ALCE
Filing Date: 2025-11-26
Form Type: PRE 14C
Source: 0001213900-25-115332
Chunk: 8

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-26
Form: PRE 14C
Chunk 8
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al Shares

No fractional shares of common stock will be issued
as a result of the Reverse Stock Split. In lieu of any fractional shares to which a stockholder of record would otherwise be entitled,
the Company will pay cash (without interest and subject to withholding taxes, as applicable) equal to such fraction multiplied by the
closing price of the common stock on the OTC Market on the first business day immediately preceding the Effective Date (as adjusted
in good faith by the Company to account for the reverse stock split ratio). After the Effective Date, a stockholder otherwise entitled
to a fractional interest will not have any voting, dividend or other rights with respect to such fractional interest, except to receive
such cash payment.

Additionally, under the escheat laws of the various
jurisdictions where stockholders may reside, where the Company is domiciled or where the cash payment may be deposited, sums due for fractional
interests that are not timely claimed after the Effective Date may be required to be paid to the designated agent for such jurisdiction,
unless correspondence has been received by us or the transfer agent concerning ownership of such funds within the specified time period.
Thereafter, stockholders otherwise entitled to receive such payments would need to seek them directly from the state to which they were
paid.

As of November 24, 2025, there were approximately
673 common stockholders of record. After the Effective Date, stockholders owning less than a whole share will no longer be stockholders.
We do not intend for this transaction to be the first step in a series of plans or proposals of a “going private transaction”
within the meaning of Rule 13e-3 of the Exchange Act.

Procedure for Effecting a Reverse Stock Split

. Stockholders
who hold their shares through a bank, broker or other nominee will be treated in the same manner as registered stockholders who hold their
shares in their names. Banks, brokers and other nominees will be instructed to effect the Reverse Stock Split for beneficial owners of
such shares. However, banks, brokers or other nominees may implement different procedures than those to be followed by registered stockholders
for processing the Reverse Stock Split, particularly with respect to the treatment of fractional shares. Stockholders whose shares of
common stock are held in the name of a bank, broker or other nominee are encouraged to contact their bank, broker or other nominee with
any questions regarding the procedures for implementing the Reverse Stock Split with respect to their shares.

. Registered
stockholders hold shares electronically in book-entry form