secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (ALCE)
CIK:        0001883984
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001104659-23-065727
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Earth extends Alternus deal deadline to Nov 28, 2023; 14.9M shares redeemed for $154M
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- Stockholders approved charter extension; sponsor to deposit up to $195K per monthly extension until Nov 28, 2023.
- 14,852,437 Class A shares redeemed at ~$10.38 per share, reducing trust account by ~$154.2M.
- Remaining trust balance ~$84.6M after redemptions, excluding future extension payments.
- Business Combination Agreement with Alternus Energy extended by mutual consent to Nov 28, 2023.
- Sponsor extension payments are exchanged for non-interest bearing promissory notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000110465923065727/0001104659-23-065727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000110465923065727/tm2317181d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-065727

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer