Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants – Alternus Clean Energy
Summary
FORT MILL, S.C., April 22, 2024 (GLOBE NEWSWIRE) Utility-scale transatlantic clean energy independent power producer Alternus Clean Energy, Inc. (NASDAQ: ALCE) (Alternus or the Company) today announced the closing of an approximately $2.16 million private placement pursuant to the terms of a securities purchase agreement, dated April 19, 2024, with a certain institutional investor (the Investor).The investment is in the form of a Senior Unsecured Original Issue 8% Discount Convertible Note (the Note), resulting in proceeds before expenses to Alternus of approximately $2.0 million. The securities purchase agreement includes representations, warranties, covenants and other terms typical of a transaction of this type, the full description of which can be reviewed in documents attached to the Companys Current Report on Form 8-K to be filed with the SEC. Headquartered in the United States, we currently develop, install, own, and operate utility-scale solar parks in the North America and Europe. Our vision is to become a leading provider of 24/7 clean energy delivering a sustainable future of renewable power with people and planet in harmony. When used in this notice, words such as anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, project, should, would and similar expressions, as they relate to us or our management team, identify forward-looking statements.