Clean Earth (CLIN) signs forward purchase for up to 2.8M shares with Meteora; trust redemption ~$10.425

Alternus Clean Energy, Inc.

Entered Forward Purchase Agreement with Meteora entities for up to 2,796,554 CLIN shares at reset price $10.00.
Seller (Meteora) receives prepayment of $1M shortfall from trust; waives redemption on recycled shares.
Estimated per-share redemption price as of Dec 4, 2023 approximately $10.425.
Valuation Date up to 3 years post-closing; optional early termination provisions included.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Alternus Clean Energy, Inc. entered into Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC valued at OTC Equity Prepaid Forward Transactions for up to 2,796,554 shares with a $1,000,000 prepayment shor (effective 2023-12-03).

Action: entry
Agreement: equity purchase
Counterparty: Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC
Value: OTC Equity Prepaid Forward Transactions for up to 2,796,554 shares with a $1,000,000 prepayment shor
Effective: 2023-12-03

Exact text from the filing

On December 3, 2023, CLIN entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller”) (the “Forward Purchase Agreement”) for OTC Equity Prepaid Forward Transactions.

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Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-123024

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