other material
confidence medium
sentiment negative
materiality 0.80
Alternus Clean Energy restates Q1 2024 financials; prior statements no longer reliable
Alternus Clean Energy, Inc.
- Audit Committee concluded on Aug 16, 2024 that Q1 2024 interim financials should be restated due to historical errors.
- Previously issued financial statements for quarter ended March 31, 2024 should no longer be relied upon.
- Company will promptly file amended Form 10-Q/A to correct the errors.
- Audit Committee discussed the matter with independent auditor Forvis Mazars, LLP.