other material
confidence high
sentiment negative
materiality 0.65
Clean Earth Acquisitions extends deadline to May 28, 2024; holders redeem 5.35M shares for ~$56.8M
Alternus Clean Energy, Inc.
- Stockholders approved extension of business combination deadline from Nov 28, 2023 to May 28, 2024.
- 5,351,009 Class A shares redeemed at ~$10.62/share for aggregate ~$56.8M; trust balance now ~$29.7M.
- Sponsor to deposit $78,303.51 monthly extension payments into trust in exchange for promissory note.
- Charter amendment filed on Nov 27, 2023 to reflect extension.