secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (ALCE)
CIK:        0001883984
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001104659-23-128865
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 9.01, 3.02, 3.03, 4.01, 5.01, 5.02, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Alternus Clean Energy closes SPAC merger; issues 30M extra shares, removes earnout
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- Closed business combination with Clean Earth Acquisitions; becomes Alternus Clean Energy (ALCE).
- Issued 57.5M shares to Alternus Energy Group (AEG) as consideration; amended terms added 30M shares.
- Removed earnout milestones (EBITDA: $16M FY23, $52M FY24, $156M FY25) and cash closing condition.
- Acquired subsidiaries exclude Unisun (60% stake) and AEG JD 02; assumed €850K convertible note from Alternus FundCo.
- New board and officers: Vincent Browne CEO, Joseph Duey CFO, and eight directors named.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000110465923128865/0001104659-23-128865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000110465923128865/tm2333141d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-128865

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