8-K
filed April 2, 2026, 7:59 PM ET
CIK 0001883984
other material
confidence high
sentiment neutral
materiality 0.60
Alternus raises $1M via Series D preferred, converts $8.27M debt into preferred shares
Alternus Clean Energy, Inc.
- Gross proceeds of $1M from sale of 2,150 Series D shares at $1,000/share to accredited investor.
- Issued 7,583 Series D shares and 684 Series E shares to cancel $7.583M and $684k promissory notes.
- Series D conversion price $0.10, convertible after 1 year; anti-dilution adjustment for lower-price issuances within 12 months.
- Purchaser granted put option to sell up to 1,150 Series D shares back at $1,000 each after $8M equity raise.
- Series E has immediate conversion, 4.99% beneficial ownership cap, and piggyback registration rights.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
Alternus Clean Energy, Inc. issued 7,583 shares of Series D Convertible Preferred Stock and 684 shares of Series E Convertible Preferred Stock of preferred stock to two existing third party accredited debt holders for total repayment for, and the replacement and cancellation of, outstanding promissory notes in aggregate amount of $7.583 million and $684 thousand.
- Security
- preferred stock
- Shares
- 7,583 shares of Series D Convertible Preferred Stock and 684 shares of Series E Convertible Preferred Stock
- Purchaser
- two existing third party accredited debt holders
- Consideration
- total repayment for, and the replacement and cancellation of, outstanding promissory notes in aggregate amount of $7.583 million and $684 thousand
Exact text from the filing
on March 31, 2026 the Company settled with two existing third party accredited debt holders, pursuant to which the Company issued (i) 7,583 shares of Series D Convertible Preferred Stock as total repayment for, and the replacement and cancellation of, an outstanding promissory note in the aggregate amount of $7.583 million, and (ii) 684 shares of Series E Convertible Preferred Stock (the “Series E”) as total repayment for, and the replacement and cancellation of, two outstanding promissory notes in the aggregate amount of $684 thousand.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
Alternus Clean Energy, Inc. issued 2,150 shares of Series D Convertible Preferred Stock of preferred stock to a certain third party accredited investor for aggregate gross proceeds of $1,000,000.
- Security
- preferred stock
- Shares
- 2,150 shares of Series D Convertible Preferred Stock
- Purchaser
- a certain third party accredited investor
- Consideration
- aggregate gross proceeds of $1,000,000
Exact text from the filing
par value $0.0001 per share (the “Shares”) to the Purchaser. The transaction closed on March 27, 2026 (the “Closing Date”). The aggregate gross proceeds to the Company were $1,000,000, all of which were transferred on the Closing Date. The Company intends to use the net proceeds from the Offering for working capital and other general corporate purposes. Put
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Alternus Clean Energy, Inc.: Filed certificates of designation establishing Series D and Series E Convertible Preferred Stock, describing rights and preferences (effective 2026-03-27).
- Change
- charter amendment
- Effective
- 2026-03-27
Exact text from the filing
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Series D Convertible Preferred Stock On March 27, 2026, the board of directors (the “Board”) of the Company declared the formation of an aggregate of up to 20,000 shares of Series D Convertible Preferred Stock, par value $0.0001 per share (“Series D”). The Company has filed a certificate of designation (the “Certificate of Designation”) with the Secretary of State of the State of Delaware therein establishing the Series D Convertible Preferred Stock and describing the rights, obligations and privileges of the Series D.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Alternus Clean Energy, Inc. entered into Subscription Agreement with a certain third party accredited investor valued at $1,000,000 (effective 2026-03-27).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- a certain third party accredited investor
- Value
- $1,000,000
- Effective
- 2026-03-27
Exact text from the filing
On March 27, 2026, Alternus Clean Energy, Inc., a Delaware corporation (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with a certain third party accredited investor (the “Purchaser”) pursuant to which the Company sold in a private placement (the “Offering”) an aggregate of 2,150 shares of the Company’s Series D Convertible Preferred Stock, convertible into the Company’s common stock, par value $0.0001 per share (the “Shares”) to the Purchaser.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Alternus Clean Energy, Inc. entered into Put Option Agreement with the Purchaser (effective 2026-03-27).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- the Purchaser
- Effective
- 2026-03-27
Exact text from the filing
Simultaneously with the Subscription Agreement, The Company also entered into a Put Option Agreement with the Purchaser, pursuant to which the Purchaser has the right, for a period of one year after the Company raises a minimum of $8 million through an equity capital raise, to require the Company to repurchase up to a maximum of 1,150 Series D shares at a price of $1,000 per Series D share repurchased.
View on SEC.gov
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