Alternus Clean Energy, Inc.: debt financing — Alternus Clean Energy issues $625K convertible notes with 20% OID, nets $500K

Alternus Clean Energy, Inc.

Company entered into two Note Purchase Agreements on Sept 19, 2025, issuing 20% OID convertible notes with aggregate principal amount of $625,000 and net proceeds of $500,000 to accredited investors.
Notes mature December 2025; conversion price set at 90% of VWAP based on three trading days prior to conversion.
OID increases by 5% per month after maturity if notes not repaid or upon default.
Proceeds used for working capital; notes rank pari passu with other notes but subordinate to 3i Senior Convertible Notes.
Issuance is a private placement under Section 4(a)(2) and Rule 506(b).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Alternus Clean Energy, Inc. incurred convertible notes of each in the principal sum of $312,500 with two accredited investors maturing December 2025.

Instrument: convertible notes
Principal: each in the principal sum of $312,500
Counterparty: two accredited investors
Maturity: December 2025
Event: incurrence

Exact text from the filing

On September 19, 2025, Alternus Clean Energy, Inc. (the “Company”) entered into two Note Purchase Agreements (the “Purchase Agreement”) with two accredited investors (each an “Investor” and together, the “Investors”), pursuant to which the Company issued a 20% Original Issue Discount promissory convertible note to each Investor (together, the “2025 Notes”) with a maturity date of December 2025, each in the principal sum of $312,500.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Alternus Clean Energy, Inc. issued convertible note to accredited investors.

Security: convertible note
Purchaser: accredited investors

Exact text from the filing

The offer of securities pursuant to the Purchase Agreements and the 2025 Notes, the sale of the 2025 Notes and shares of common stock issuable upon conversion of the 2025 Notes described above was conducted as a private placement pursuant to and in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act, and Rule 506(b) of Regulation D promulgated thereunder (“Regulation D”) for transactions not involving a public offering.

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Source: SEC EDGAR

accession 0001213900-25-091133

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