8-K
filed October 6, 2025, 7:59 PM ET
CIK 0001883984
M&A
confidence high
sentiment positive
materiality 0.75
Alternus Clean Energy, Inc.: M&A transaction — Alternus Clean Energy forms JV with Hover Energy; issues $21.15M Series B Preferred for Microgrid pipeline
Alternus Clean Energy, Inc.
- Alternus sold 49% of EverOn Energy LLC to Hover Energy; Hover contributed Microgrid Projects to JV.
- Issued 21,150 shares of Series B Convertible Preferred Stock at $1,000/share, aggregate $21.15M.
- Settled $5.15M SAA debt with Hover: issued $1.15M in Series B, $1.7M from Southern Point, remainder cash.
- Company estimates JV project pipeline future revenue at over $50M (subject to third-party valuation).
- Transaction is material acquisition >20% of consolidated assets; financial statements due within 75 days.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Alternus Clean Energy, Inc. issued 1,150 shares of Series B of preferred stock to Hover Energy LLC for repayment of $1,150,000 owed.
- Security
- preferred stock
- Shares
- 1,150 shares of Series B
- Purchaser
- Hover Energy LLC
- Consideration
- repayment of $1,150,000 owed
Exact text from the filing
the Company agreed to repay the total outstanding amount of $5,150,000 owed to Hover under the SAA through the following methods: i) $1,150,000 through the issuance of 1,150 shares of Series B
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Alternus Clean Energy, Inc. issued 20,000 shares of the Company’s Series B Convertible Preferred Stock of preferred stock to Hover Energy LLC for contributed certain Microgrid Projects.
- Security
- preferred stock
- Shares
- 20,000 shares of the Company’s Series B Convertible Preferred Stock
- Purchaser
- Hover Energy LLC
- Consideration
- contributed certain Microgrid Projects
Exact text from the filing
issued 20,000 shares of the Company’s Series B Convertible Preferred Stock (the “Series B”) to Hover, in exchange for which Hover contributed certain Microgrid Projects to the JV
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Alternus Clean Energy, Inc.: The Company filed a Certificate of Designation establishing Series B Convertible Preferred Stock, setting forth rights, preferences, and privileges (effective 2025-09-30).
- Change
- charter amendment
- Effective
- 2025-09-30
Exact text from the filing
The Company filed a certificate of designation (the "Certificate of Designation") with the Secretary of State of the State of Delaware therein establishing the Series B Convertible Preferred Stock and describing the rights, obligations and privileges of the Series B.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Alternus Clean Energy, Inc. completed a disposition involving Hover Energy LLC for aggregate consideration value of approximately $21 million (closed 2025-09-30).
- Action
- disposition
- Counterparty
- Hover Energy LLC
- Consideration
- aggregate consideration value of approximately $21 million
- Closing
- 2025-09-30
Exact text from the filing
from time to time. The Company has determined the fair value of the Series B issued to Hover to be $1,000 per share, for an aggregate consideration value of approximately $21 million. The Joint Venture brings in a substantial pipeline of Wind Powered Microgrids tm projects and clients in the UK and the US, and the Company believes that the Joint Venture will
View on SEC.gov
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.