Recent 8-K filings for ALCE
Highest-materiality recent filing
Alternus Clean Energy receives Nasdaq delisting notice; trading suspended Feb 12, 2025
- Nasdaq panel determined to delist ALCE for non-compliance with market value of listed securities (MVLS) rule.
- Trading in common stock will be suspended at the opening on February 12, 2025.
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Alternus Clean Energy pro forma: EverOn JV adds $19M goodwill, widens 2025 net loss to $18.8M
On Sept 30, 2025, ALCE sold 49% of EverOn to Hover, issued 20,000 Series B preferred shares valued at $30.5M; total consideration for 51% interest $36.5M.
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Issued 14,280 shares of Series F Convertible Preferred Stock (face value $14.28M) to 15 accredited investors.
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Alternus raises $1M via Series D preferred, converts $8.27M debt into preferred shares
Gross proceeds of $1M from sale of 2,150 Series D shares at $1,000/share to accredited investor.
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Alternus Clean Energy raises $1M via 20% OID notes; issues 5,775 Series C shares at $0.10 conversion
Issued $1.25M principal secured notes with 20% OID; net proceeds $1M in tranches tied to Nasdaq listing and 2025 audit.
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Alternus sold 49% of EverOn Energy LLC to Hover Energy; Hover contributed Microgrid Projects to JV.
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Alternus Clean Energy effects 1-for-200 reverse stock split, effective Sept 5, 2025
Reverse stock split effective 12:01 a.m. ET on Sept 5, 2025; common stock begins trading on split-adjusted basis at market open.
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Alternus sells Italian solar subsidiary MH02, cuts debt ~$22.6M, issues 10.66M shares
Sold entire share capital of MH02 (13 Italian solar subsidiaries) to OBN Real Estate (75.5%) and BVP Green Bond (24.5%).
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Alternus issues $558K notes at 12% OID, settles $4.24M claims with stock, rescinds LiiON deal
Private placement netted $265k from $558k note (16.67% OID, 12% interest) plus warrant for 34M shares at $0.03.
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Alternus Clean Energy amends Series A Preferred: 10,000 shares authorized, 10,000 votes per share
Filed Amended Certificate of Designation with Delaware on March 21, 2025.
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Alternus Clean Energy breaches two settlements, owes $7M immediately
Breached settlement with Sunrise Development LLC on March 10; $5.5M due immediately.
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1 share of Series A issued on Feb 18, 2025, with 51% of total voting rights; common and other shares split remaining 49%.
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Alternus Clean Energy receives Nasdaq delisting notice; trading suspended Feb 12, 2025
Nasdaq panel determined to delist ALCE for non-compliance with market value of listed securities (MVLS) rule.
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Alternus Clean Energy receives second Nasdaq delisting notice for bid price deficiency
New letter on Jan 30, 2025 for non-compliance with minimum bid price of $1.00 per share.
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Alternus Clean Energy completes $2.25M private placement with 20% OID notes
Sold unsecured 20% OID promissory notes, aggregate principal $2.81M; gross proceeds $2.25M.
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Terminated Dec 3, 2024 OTC Equity Prepaid Forward with Meteora entities; 111,862 shares freed from obligations.
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Alternus Clean Energy acquires LiiON for $5M in debt and equity
Total consideration $5M: $2M non-convertible note payable over 3 years plus 250,000 shares at $12/share.
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Alternus Clean Energy issues $1.25M convertible note with 20% OID, net $1M proceeds
Issued $1.25M principal 20% OID convertible note to Secure Net Capital LLC, maturing April 2025.
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Alternus Clean Energy signs binding terms to acquire LiiON for $5M in debt and equity
Total consideration: $2M non-convertible loan note (3 yr), 250K restricted shares at $12/share, $30K/mo consulting for 3 key employees.
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Alternus Clean Energy sells subsidiaries for €10, receives Nasdaq delisting notice
On Nov 5, 2024, Alternus sold all shares of Alternus Energy Americas Inc. and AEG MH 01 Limited to majority shareholder Alternus Energy Group Plc for €10 total consideration.
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Reduced debt by ~$160M and improved equity by ~$50M during H1 2024.
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Alternus Clean Energy sells Solis subsidiary for €1, removes $100M debt, loses 98% of revenue
Solis (98% of H1 2024 revenue) sold to bondholders' vehicle Solis Trustee Special Vehicle Limited for €1 on October 3, 2024.
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Alternus issues up to $2.5M senior convertible notes; initial $700K to repay prior defaults
Issued initial $795,455 face value convertible note with 10% OID, netting $700K gross proceeds.
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Shareholders approve authorized share increase to 300M and reverse stock split (1:10 to 1:50)
Shareholders elected John McQuillan as Class I director with 99.51% votes for.
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Terminated MIPA with C2 Taiyo to acquire ~80MW solar parks across 8 states; seller failed to meet conditions; no penalties.
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Alternus Q2 revenue down 36% YoY to $3.9M, net loss $6.8M; secures $3-4M Hawaii microgrid deals
Q2 revenue $3.9M (down 36% YoY); net loss $6.8M vs $1.7M loss prior year.
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Alternus Clean Energy restates Q1 2024 financials; prior statements no longer reliable
Audit Committee concluded on Aug 16, 2024 that Q1 2024 interim financials should be restated due to historical errors.
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Alternus Clean Energy forms JV with Hover Energy for microgrid solutions
JV will focus on microgrid projects for data centers and C&I customers; Alternus owns 51%, Hover 49%.
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Bond Trustee granted technical extension of maturity for €200M Solis green bonds to August 30, 2024.
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Alternus Clean Energy receives Nasdaq MVLS deficiency notice; has until Nov 4 to regain compliance
Nasdaq notified Alternus that its Market Value of Listed Securities (MVLS) has been below $35M minimum for 30 consecutive business days.
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Alternus Clean Energy signs deal to acquire 80.7 MWp US solar portfolio for ~$60M
Acquisition of Taiyo Holding LLC for gross $60.2M; net ~$15M after debt assumption.
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Solis Bond maturity extended to May 31; partial Q1 interest payment of €1M made
Bond trustee extended €200M green bond maturity to May 31, 2024; previously granted waivers for breached covenants.
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Alternus Clean Energy CFO Joseph Duey resigns, CEO Vincent Browne named interim CFO
Joseph E. Duey resigns as CFO of ALCE and Alternus Energy Group, effective April 30, 2024.
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Alternus Clean Energy closes $2.16M private placement of convertible note and warrant
$2.16M principal convertible note with 8% OID; net proceeds to Alternus ~$2.0M before expenses.
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Closing bid price below $1.00 for 30 consecutive business days triggered Nasdaq non-compliance notice.
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Solis bondholders approve waiver extension and maturity extension to April 30, 2024
Bondholders voted to extend temporary waivers of financial covenants and maturity date of €200M senior secured green bonds to April 30, 2024.
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Alternus Clean Energy completes sale of Dutch solar project for €6.5M
Closed sale of Zonnepark Rilland B.V. to Theia Investment for approx €6.5M ($7M).
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Alternus Clean Energy subsidiary repays €59.1M of green bonds, maturity extended to Feb 29, 2024
Solis exercised call options to repay €59.1M (~$64.1M) of €200M green bonds; settlement expected Feb 14, 2024.
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Alternus Clean Energy subsidiary completes sale of 88.5 MW Polish solar portfolio for €54.4M
Sold 100% of six SPVs holding 88.5 MW solar farms in Poland to Donau Investment SARL.
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Solis Bond Company (ALCE subsidiary) to sell 100% of Zonnepark Rilland B.V. to Theia Investment (Netherlands) 1 B.V.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.95 · Median 0.68 · Most common event other_material