Company: ALCE
Filing Date: 2025-05-13
Form Type: 8-K
Source: 0001213900-25-042329
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Company: Alternus Clean Energy, Inc.
Filing Date: 2025-05-13
Form: 8-K
Item: Item 2.01
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Item 2.01. Completion of Acquisition or Disposition of Assets.

On May 7, 2025, Alternus Clean Energy, Inc. (the
“ Company”) entered into a Share Purchase Agreement with its subsidiary, Alternus Europe Limited (the “ Seller”),
OBN Real Estate Limited (the “ Majority Buyer”) and BVP Green Bond 2018 Limited (the “ Minority Buyer”) (together
the “ Buyers”) for the sale of the entire issued share capital of AEG MH 02 Limited (“ MH02”), including all of
MH02’s subsidiaries: AED Italia-01 S. r. l; AED Italia-02 S. r. l; AED Italia-03 S. r. l; AED Italia-04 S. r. l; AED Italia-05 S. r. l; AED
Italia-06 S. r. l; AED Italia-07 S. r. l; AED Italia-08 S. r. l; PC-Italia-01 S. r. l; PC-Italia-03 S. r. l; PC-Italia-04 S. r. l; Risorse Solari
I S. r. l; and Risorse Solari III S. r. l (the “ Transaction”), for a total consideration of (i) the assumption of approximately
$19,000,000 in total debt ($17,000,000 owed to the Majority Buyer and the remaining $2,000,000 owed to the Minority Buyer), (ii) the forbearance
by the Majority Buyer on the right to claim up to $17,000,000 against the Company’s parent guarantee until MH02’s solar projects
reach ready to build status, and (iii) the right of the Company to purchase MH02’s solar photovoltaic projects at fair market value,
subject to a minimum price of €150,000 per megawatt, as each project reaches ready to build status. The Majority Buyer acquired 75.5%
of MH02 and the Minority Buyer acquired the remaining 24.5% of MH02’s share capital.

As part of the Transaction and debt forbearance,
the Company issued 10,660,000 shares of restricted common stock to the Minority Buyer.

As a result of the Transaction, the Company has
removed approximately $22.6 million in debt and costs related to MH 02’s activities, which will improve shareholders equity by approximately