Financing ·
Alternus Clean Energy issued 14,280 shares of Series F Convertible Preferred Stock with a total face value of…
ALCEDAedis Energy Inc.
Alternus Clean Energy issued 14,280 shares of Series F Convertible Preferred Stock with a total face value of $14,280,000 to accredited investors. The issuance served multiple purposes: extending debt maturities for existing lenders, compensating Advisory Board members and consultants, forgiving accrued interest on promissory notes, and securing past advisory services. Concurrently, the company amended its Series F Certificate of Designation to remove the stated maturity date and adjust conversion timing relative to a future exchange listing approval. In total, 15,030 shares are issued out of 15,750 authorized. The preferred stock carries no voting rights or dividends but converts automatically into common stock upon receipt of conditional listing approval from a national stock exchange. Alternus Clean Energy operates in the renewable energy sector, focusing on clean energy infrastructure and development.