secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (ALCE)
CIK:        0001883984
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001213900-24-040928
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Alternus Clean Energy receives Nasdaq MVLS deficiency notice; has until Nov 4 to regain compliance
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- Nasdaq notified Alternus that its Market Value of Listed Securities (MVLS) has been below $35M minimum for 30 consecutive business days.
- Company has until November 4, 2024 to regain compliance; MVLS must close at $35M+ for ten consecutive business days.
- Alternus can alternatively meet compliance by demonstrating minimum stockholders' equity of $2.5M.
- If non-compliant by deadline, Nasdaq will issue delisting notice; company may appeal to a Hearings Panel.
- Management will monitor MVLS and evaluate options, but no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024040928/0001213900-24-040928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024040928/ea0205568-8k_alternus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040928

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