---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-035128"
form_type: "8-K"
ticker: null
cik: "0001883984"
company_name: "Alternus Clean Energy, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:27:03.204598+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alternus Clean Energy closes $2.16M private placement of convertible note and warrant

## Summary
- $2.16M principal convertible note with 8% OID; net proceeds to Alternus ~$2.0M before expenses.
- Note matures April 20, 2025, bears 7% interest (12% upon default), convertible at $0.48/share (125% of 7-day avg pre-closing).
- Investor receives 5.5-year warrant for 2,411,088 shares at $0.48; anti-dilution full ratchet with $0.07 floor.
- Beneficial ownership cap of 4.99% (electable to 9.99%); shareholder approval needed if conversion exceeds 19.99% of outstanding.
- Proceeds for working capital and capex; Maxim Group as placement agent; resale registration statement to be filed within 5 days.

## SEC filing metadata
- accession: 0001213900-24-035128
- form_type: 8-K
- cik: 0001883984
- company_name: Alternus Clean Energy, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883984/000121390024035128/0001213900-24-035128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883984/000121390024035128/ea0204405-8k_alternus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-035128
- JSON: https://secwatch.observer/filing/0001213900-24-035128.json
- Plain text: https://secwatch.observer/filing/0001213900-24-035128.txt

## Key facts
- Debt Financings
  Alternus Clean Energy, Inc. incurred senior notes of $2,160,000 with institutional investor at 7% per annum (12% upon default) maturing April 20, 2025.
  - Instrument: senior notes
  - Principal: $2,160,000
  - Counterparty: institutional investor
  - Rate: 7% per annum (12% upon default)
  - Maturity: April 20, 2025
  - Event: incurrence
  source text: On April 19, 2024, Alternus Clean Energy, Inc. (the “ Company ”), a company incorporated under the laws State of Delaware, entered into a Securities Purchase Agreement (the “ Purchase Agreement ”), by and between the Company and an institutional investor (the “ Investor ”), pursuant to which the Company agreed to issue to the Investor a senior convertible note in the principal amount of $2,160,000, issued with an eight percent (8.0%) original issue discount (the “ Convertible Note ”), and a warrant (the “ Warrant ”) to purchase up to 2,411,088 shares of the Company’s common stock, $0.0001 par value per share (the “ Common Stock ”), equal to 50% of the face value of the Convertible Note divided by the volume weighted average price, at an exercise price of $0.480 per share (the “ Exercise Price ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024035128/0001213900-24-035128-index.htm
- Material Agreements
  Alternus Clean Energy, Inc. entered into Securities Purchase Agreement with Institutional Investor valued at $2,160,000 senior convertible note with 8% OID and warrant to purchase up to 2,411,088 shares of com (effective 2024-04-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Institutional Investor
  - Value: $2,160,000 senior convertible note with 8% OID and warrant to purchase up to 2,411,088 shares of com
  - Effective: 2024-04-19
  source text: On April 19, 2024, Alternus Clean Energy, Inc. (the “ Company ”), a company incorporated under the laws State of Delaware, entered into a Securities Purchase Agreement (the “ Purchase Agreement ”), by and between the Company and an institutional investor (the “ Investor ”), pursuant to which the Company agreed to issue to the Investor a senior convertible note in the principal amount of $2,160,000, issued with an eight percent (8.0%) original issue discount (the “ Convertible Note ”), and a warrant (the “ Warrant ”) to purchase up to 2,411,088 shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024035128/0001213900-24-035128-index.htm

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