Alternus Clean Energy: MIPA terminated, Nasdaq delisting notice received, plans appeal & reverse split

Alternus Clean Energy, Inc.

Terminated MIPA with C2 Taiyo to acquire ~80MW solar parks across 8 states; seller failed to meet conditions; no penalties.
Received Nasdaq delisting notice for non-compliance with bid price & equity requirements; trading may be suspended Sep 30.
Intends to appeal by Sep 26 to stay suspension; plans reverse stock split at ratio 1:10–1:50 subject to shareholder approval.
Annual meeting Sep 26 to vote on reverse split; majority shareholder supports.
Joint venture with Hover Energy for microgrids; initial orders in Honolulu valued $3-4M; pipeline ~60MW.

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