---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-039124"
form_type: "8-K"
ticker: "ALCE"
cik: "0001883984"
company_name: "Alternus Clean Energy, Inc."
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T23:08:29.570505+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alternus issues $558K notes at 12% OID, settles $4.24M claims with stock, rescinds LiiON deal

## Summary
- 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- Rescinded Dec 2024 LiiON asset purchase and $2M note; new consulting deal with Assure Power for 1M restricted shares.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.

## SEC filing metadata
- accession: 0001213900-25-039124
- form_type: 8-K
- ticker: ALCE
- cik: 0001883984
- company_name: Alternus Clean Energy, Inc.
- filed_at: 2025-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883984/000121390025039124/0001213900-25-039124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883984/000121390025039124/ea0240616-8k_alternus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-039124
- JSON: https://secwatch.observer/filing/0001213900-25-039124.json
- Plain text: https://secwatch.observer/filing/0001213900-25-039124.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390025039124/0001213900-25-039124-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390025039124/0001213900-25-039124-index.htm

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