Mergers & Acquisitions ·
Alternus Clean Energy, Inc. filed an amendment to its Form 8-K to provide pro forma financial information for the…
ALCEDAedis Energy Inc.
Alternus Clean Energy, Inc. filed an amendment to its Form 8-K to provide pro forma financial information for the acquisition of EverOn Energy LLC on September 30, 2025. Through a Stock Purchase Agreement and Joint Venture Operating Agreement with Hover Energy LLC, Alternus sold a 49% interest in EverOn and issued 20,000 shares of Series B Convertible Preferred Stock valued at approximately $1,526 per share for an aggregate consideration of roughly $30.5 million. Combined with asset contributions totaling $36.5 million from Alternus, the transaction established a controlling interest in EverOn, resulting in a preliminary enterprise value of approximately $56.9 million for the joint venture. The filing includes unaudited pro forma combined statements of operations for the years ended December 31, 2024 and 2025, as well as the nine months ended September 30, 2025, reflecting transaction accounting adjustments such as depreciation, amortization, and impairment charges. Alternus Clean Energy operates in the renewable energy sector, focusing on clean energy infrastructure and microgrid projects.