Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 199

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 199
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 million from AEG maturing June 30, 2025. This note had a principal outstanding balance of $1 million as of March
31, 2025 and December 31, 2024, respectively.

On December 31, 2024, the Company terminated their
agreement with Meteora Capital LLC by issuing a $500,000 promissory note with a 10% annual interest rate maturing January 31, 2026. This
note had a principal outstanding balance of $0.5 million as of March 31, 2025 and December 31, 2024, respectively.

Cash Flow Discussion

The Company uses traditional measures of cash
flows, including net cash flows from operating activities, investing activities and financing activities to evaluate its periodic cash
flow results.

48

For the Three Months Ended March 31, 2025 compared to March 31,
2024 

The following table reflects the changes in cash
flows for the comparative periods:

    Three Months Ended  March 31, 

    2025  
    2024  
    Change  ($) 

    (in thousands) 
  
    Net cash provided by/(used in) operating activities 
     552  
     (2,036) 
     1,581 
  
    Net cash provided by/(used in) operating activities – Discontinued Operations 
     -  
     (2,735) 
     2,735 

    Net cash provided by/(used in) investing activities 
     -  
     (2,879) 
     2,879 
  
    Net cash provided by/(used in) investing activities – Discontinued Operations 
     -  
     -  
     - 

    Net cash provided by/(used in) financing activities 
     471  
     (935) 
     1,427 
  
    Net cash provided by/(used in) financing activities – Discontinued Operations 
     -  
     (13,162) 
     13,162 

    Effect of exchange rate on cash 
     1  
     (595) 
     512 

Net Cash Provided by Operating Activities 

Net cash provided in continuing operating activities
for the three months ended March 31, 2025 compared to 2024 increased by $1.6 million. The net loss decreased by $4.9 million in