secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (—)
CIK:        0001883984
Form:       8-K
Filed at:   2025-09-24T23:59:59+00:00
Accession:  0001213900-25-091133
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alternus Clean Energy issues $625K convertible notes with 20% OID, nets $500K
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000121390025091133/0001213900-25-091133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000121390025091133/ea0258653-8k_alternus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-091133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer