Alternus Clean Energy, Inc. (ALCE): M&A transaction — Alternus Clean Energy acquires LiiON for $5M in debt and equity

Alternus Clean Energy, Inc.

Total consideration $5M: $2M non-convertible note payable over 3 years plus 250,000 shares at $12/share.
LiiON brings blue-chip clients including Amazon, Walmart, and NASA, and intellectual property.
Acquisition immediately improves Alternus's shareholder equity by approximately $3M.
Alternus plans to integrate LiiON with Hover Energy joint venture to expand microgrid segment.
Deal closed Dec 11, 2024; expected to be accretive to revenues and gross margins.

item 1.01 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Alternus Clean Energy, Inc. completed an acquisition involving LiiON LLC for $5 million (closed 2024-12-11).

Action: acquisition
Counterparty: LiiON LLC
Consideration: $5 million
Closing: 2024-12-11

Exact text from the filing

acquisition of certain assets of LiiON, including its customer base, service agreements and intellectual property. As consideration, the Company paid a total consideration of $5 million in the form of debt and equity. Under the said definitive agreements, the total consideration was in the form of a note payable and common stock, whereby: (i) BESS issued a $2

View on SEC.gov

Browse all m&a transactions →

Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-108423

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.