secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (—)
CIK:        0001883984
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001437749-26-007377
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alternus Clean Energy raises $1M via 20% OID notes; issues 5,775 Series C shares at $0.10 conversion
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- Issued $1.25M principal secured notes with 20% OID; net proceeds $1M in tranches tied to Nasdaq listing and 2025 audit.
- Issued 5,775 shares of Series C Convertible Preferred Stock (value $1,000/share) convertible at $0.10 after one year.
- Settled $2.75M in promissory notes with 2,750 Series C shares and $1.2M payable with 400 Series C shares.
- Series C anti-dilution: conversion price reduces to lowest per-share price in any dilutive issuance through Dec 2028.
- Series C holders capped at 19.99% beneficial ownership; monthly resale limited to prior month's average daily volume.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000143774926007377/0001437749-26-007377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000143774926007377/alce20260304_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-007377

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