Alternus Clean Energy Announces Pricing of $2.25 Million Private Placement

Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Alternus" or the "Company") a renewable energy company, announced the pricing of an approximately $2.25 million private placement round pursuant to the terms of a securities purchase agreement, dated January 21, 2025, with several institutional investors (the "Purchasers"). The closing of the current private placement round is expected to occur on or about January 23, 2025, subject to the satisfaction of customary closing conditions.

The offering is in the form of an Unsecured 20% Original Issue Discount Promissory Note (the "Note"), resulting in expected proceeds (before expenses) to Alternus of approximately $2.25 million. The Company shall use the net proceeds from the said offering for working capital and general corporate purposes. The Note shall be fully repayable in cash upon maturity, as defined in the form of the Note.

As part of the offering, the Purchasers will also be issued an aggregate of 1,526,058 shares of the Company's common stock, par value $0.0001 per share (the "Shares"). Alternus has agreed to file a registration statement registering for the resale of the Shares.

Maxim Group LLC is acting as the sole placement agent for the offering.

Alternus Clean Energy | https://alternusce.com/