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).

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