Alternus Clean Energy Announces Pricing of $2.25 Million Private Placement – Alternus Clean Energy
Summary
New York, NY, January 22, 2025 Alternus Clean Energy, Inc. (NASDAQ: ALCE) (ALCE, Alternus or the Company) a renewable energy company, today 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. With a focus on utility-scale projects, such as solar parks, and complementary technologies like microgrids and battery storage, we aim to deliver comprehensive, clean energy across Europe and America. 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. Such statements are based on a number of estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the control of the Company.