secwatch.observer — SEC 8-K summary
======================================

Issuer:     Alternus Clean Energy, Inc. (ALCE)
CIK:        0001883984
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001213900-24-107423
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alternus Clean Energy issues $1.25M convertible note with 20% OID, net $1M proceeds
--------------------------------------------------------------------------------

- Issued $1.25M principal 20% OID convertible note to Secure Net Capital LLC, maturing April 2025.
- Net proceeds of $1.0M will be used for working capital.
- Note convertible at 90% of VWAP after maturity; if default, OID increases to 30%.
- Placement agent Dominari Securities LLC received warrants for 5% of shares issuable upon conversion at 115% of conversion price.
- Note is senior direct debt, subordinate to 3i, LP senior convertible notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024107423/0001213900-24-107423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024107423/ea0224314-8k_alternus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-107423

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer