---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-003539"
form_type: "8-K"
ticker: "ALCE"
cik: "0001883984"
company_name: "Alternus Clean Energy, Inc."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:29:14.773242+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alternus issues 7.77M shares to retire €8M convertible note; strategic investor Greenlight onboard

## Summary
- Issued 7,765,000 shares of common stock to settle ~$10M convertible note (€8M principal + 10% interest, due March 2024).
- Noteholder Greenlight Asset Management (formerly AVG Group) becomes strategic investor; note cancelled and all obligations released.
- Deleveraging frees up borrowing capacity; CEO says cash will fund accelerated growth, especially North America with IRA tailwinds.
- Shares issued under Section 4(a)(2)/Reg D exemption; unregistered and subject to transfer restrictions.

## SEC filing metadata
- accession: 0001213900-24-003539
- form_type: 8-K
- ticker: ALCE
- cik: 0001883984
- company_name: Alternus Clean Energy, Inc.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883984/000121390024003539/0001213900-24-003539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883984/000121390024003539/ea191609-8k_alternus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-003539
- JSON: https://secwatch.observer/filing/0001213900-24-003539.json
- Plain text: https://secwatch.observer/filing/0001213900-24-003539.txt

## Key facts
- Material Agreements
  Alternus Clean Energy, Inc. entered into Settlement Agreement with Nordic ESG and Impact Fund SCSp valued at 7,765,000 shares of common stock in settlement of €8,000,000 convertible note plus accrued interest (effective 2024-01-11).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Nordic ESG and Impact Fund SCSp
  - Value: 7,765,000 shares of common stock in settlement of €8,000,000 convertible note plus accrued interest
  - Effective: 2024-01-11
  source text: On January 11, 2024 (the “Effective Date”), Alternus Clean Energy, Inc., a Delaware corporation (the “Company”) entered into that certain Settlement Agreement (the “Agreement”) by and among the Company, Alternus Energy Group plc (OSE: ALT), a company formed under the laws of Ireland and majority stockholder of the Company (“AEG”), Nordic ESG and Impact Fund SCSp, a special limited partnership formed under the laws of Luxembourg (“AVG”), and AVG Group S.a.r.l., a private limited liability company formed under the laws of Luxembourg and the general partner of AVG (“GP,” and together with the Company, AEG and AVG, the “Parties”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024003539/0001213900-24-003539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.