---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-108423"
form_type: "8-K"
ticker: "ALCE"
cik: "0001883984"
company_name: "Alternus Clean Energy, Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:19:45.078342+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alternus Clean Energy acquires LiiON for $5M in debt and equity

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-108423
- form_type: 8-K
- ticker: ALCE
- cik: 0001883984
- company_name: Alternus Clean Energy, Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883984/000121390024108423/0001213900-24-108423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883984/000121390024108423/ea0224569-8k_alternus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-108423
- JSON: https://secwatch.observer/filing/0001213900-24-108423.json
- Plain text: https://secwatch.observer/filing/0001213900-24-108423.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024108423/0001213900-24-108423-index.htm

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