---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-095921"
form_type: "8-K"
ticker: "ALCE"
cik: "0001883984"
company_name: "Alternus Clean Energy, Inc."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T03:01:31.515619+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Alternus Clean Energy sells subsidiaries for €10, receives Nasdaq delisting notice

## Summary
- On Nov 5, 2024, Alternus sold all shares of Alternus Energy Americas Inc. and AEG MH 01 Limited to majority shareholder Alternus Energy Group Plc for €10 total consideration.
- The sale removed approximately $30 million in debt and payables, improving shareholders' equity by about $4 million to help meet Nasdaq minimum equity requirement.
- On Nov 6, 2024, Nasdaq notified Alternus of failure to maintain Minimum Market Value of Listed Securities of $35M; delisting scheduled for Nov 15 unless appeal by Nov 13.
- Alternus dismissed independent auditor Forvis Mazars, LLP and engaged Kreit & Chiu CPA, LLP as new auditor on Nov 5, 2024.

## SEC filing metadata
- accession: 0001213900-24-095921
- form_type: 8-K
- ticker: ALCE
- cik: 0001883984
- company_name: Alternus Clean Energy, Inc.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 3.01, 4.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883984/000121390024095921/0001213900-24-095921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883984/000121390024095921/ea0220559-8k_alternus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-095921
- JSON: https://secwatch.observer/filing/0001213900-24-095921.json
- Plain text: https://secwatch.observer/filing/0001213900-24-095921.txt

## Key facts
- Auditor Changes
  Alternus Clean Energy, Inc. engaged Kreft & Chiu CPA, LLP as its auditor.
  - Action: engagement
  - Auditor: Kreft & Chiu CPA, LLP
  source text: ommittee approved, and the Company’s Board of Directors (the “Board”) ratified, the engagement of Kreit & Chiu CPA, LLP (the “New Auditor”), and appointed the New Auditor as the Company’s independent registered public
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024095921/0001213900-24-095921-index.htm
- Auditor Changes
  Alternus Clean Energy, Inc. dismissed Forvis Mazars, LLP as its auditor.
  - Action: dismissal
  - Auditor: Forvis Mazars, LLP
  source text: On November 5, 2024, the Audit Committee of Alternus Clean Energy, Inc. (the “Company”) dismissed Forvis Mazars, LLP (“Forvis Mazars”) as the Company’s independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024095921/0001213900-24-095921-index.htm
- M&A Transactions
  Alternus Clean Energy, Inc. completed a disposition involving Alternus Energy Group Plc. for Euro 10.00 (closed 2024-11-05).
  - Action: disposition
  - Counterparty: Alternus Energy Group Plc.
  - Consideration: Euro 10.00
  - Closing: 2024-11-05
  source text: LLC; ALT US 05 LLC; ALT US 06 LLC; ALT US 07 LLC and its subsidiary River Song Solar LLC; ALT US 08 LLC; ALT US AM LLC (the “Transaction”), for a total consideration of Euro 10.00. Additionally, on November 5, 2024, the Company further entered into another Share Purchase Agreement with Alternus Energy Group Plc., a majority shareholder of the Company, (the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024095921/0001213900-24-095921-index.htm

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