---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-096559"
form_type: "8-K"
ticker: null
cik: "0001883984"
company_name: "Alternus Clean Energy, Inc."
filed_at: "2025-10-06T23:59:59+00:00"
generated_at: "2026-05-17T04:38:06.049012+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alternus Clean Energy forms JV with Hover Energy; issues $21.15M Series B Preferred for Microgrid pipeline

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-096559
- form_type: 8-K
- cik: 0001883984
- company_name: Alternus Clean Energy, Inc.
- filed_at: 2025-10-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01, 2.01, 3.03, 5.03, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883984/000121390025096559/0001213900-25-096559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883984/000121390025096559/ea0260438-8k_alternus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-096559
- JSON: https://secwatch.observer/filing/0001213900-25-096559.json
- Plain text: https://secwatch.observer/filing/0001213900-25-096559.txt

## Source-grounded claims
- claim_id: ff4f297a6c69593797b4bf4100d23c17e2771d64
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390025096559/0001213900-25-096559-index.htm
- claim_id: 1c9b0003bbfbdd14428874f8ec01cbb2ef0556a3
  claim: Alternus Clean Energy, Inc. completed a disposition involving Hover Energy LLC for aggregate consideration value of approximately $21 million (closed 2025-09-30).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390025096559/0001213900-25-096559-index.htm

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