Alternus Clean Energy, Inc. (ALCE): debt financing — Alternus issues $558K notes at 12% OID, settles $4.24M claims with stock, rescinds LiiON deal

Alternus Clean Energy, Inc.

Private placement netted $265k from $558k note (16.67% OID, 12% interest) plus warrant for 34M shares at $0.03.
Court-approved settlement with SPC: 4M shares issued as fee, up to $4.24M in liabilities settled via stock under Section 3(a)(10).
Rescinded Dec 2024 LiiON asset purchase and $2M note; new consulting deal with Assure Power for 1M restricted shares.
Note conversion price adjusted to $0.03; warrant has full ratchet anti-dilution and cashless exercise on fundamental change.
Proceeds used for working capital, audit fees; company faces significant dilution from multiple equity-linked agreements.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.85

Alternus Clean Energy, Inc. amended convertible notes with institutional investor at 12% per annum maturing December 31, 2025.

Instrument: convertible notes
Counterparty: institutional investor
Rate: 12% per annum
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

the Company entered into a Letter Agreement with the Investor, which modifies certain terms and conditions of the Senior Convertible Note issued April 19, 2024 and the Senior Convertible Note issued October 1, 2024, by the Company to the Investor

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.975

Alternus Clean Energy, Inc. incurred loan of up to $558,000 with institutional investor at 12% per annum maturing December 31, 2025.

Instrument: loan
Principal: up to $558,000
Counterparty: institutional investor
Rate: 12% per annum
Maturity: December 31, 2025
Event: incurrence

Exact text from the filing

the Company agreed to issue to the Investor promissory notes in the aggregate total principal amount of up to $558,000, with the first tranche of $318,000 closing immediately and the remaining $240,000 to close upon request of the Company and at the Investor’s discretion, having a 16.67% original issue discount, an interest rate of 12% per annum and a maturity date of December 31, 2025

View on SEC.gov

Browse all debt financings →

Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-039124

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.