secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (—)
CIK:        0001883984
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001437749-26-011061
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alternus raises $1M via Series D preferred, converts $8.27M debt into preferred shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000143774926011061/0001437749-26-011061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000143774926011061/alce20260401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-011061

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