Clean Earth terminates non-redemption incentive agreement for Alternus merger

Alternus Clean Energy, Inc.

Mutual termination of July 24, 2023 letter agreement regarding non-redemption incentive.
Company will no longer offer incentive shares to shareholders who forgo redemption rights in proposed Alternus business combination.
Merger with Alternus Energy Group still proceeding; definitive proxy statement to be filed.
Clean Earth (CLIN) and Alternus (ALT) agreed to terminate the letter agreement effective September 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alternus Clean Energy, Inc. terminated Letter Agreement with Clean Earth Acquisitions Corp. and Alternus Energy Group Plc (effective 2023-09-01).

Action: termination
Counterparty: Clean Earth Acquisitions Corp. and Alternus Energy Group Plc
Effective: 2023-09-01

Exact text from the filing

On September 1, 2023, Clean Earth Acquisitions Corp., a Delaware corporation (the “ Company ”) and Alternus Energy Group Plc, a public limited company incorporated under the laws of Ireland (“ Alternus , ” together with the Company, the “ Parties ”) agreed by mutual written consent to terminate a letter agreement dated July 24, 2023 (the “ Letter Agreement ”) entered into by and between the Parties.

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Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-097832

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