secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (—)
CIK:        0001883984
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001213900-24-035128
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024035128/0001213900-24-035128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024035128/ea0204405-8k_alternus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-035128

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