Recent Updates — ALCED

Alternus Clean Energy, Inc. effected a 1-for-2,500 reverse stock split of its common stock at 12:01 a.m. Eastern Time on August 20, 2026. This action reduced the number of issued and outstanding shares from approximately 724,658 to approximately 290. The company aims to increase the per-share trading price to meet minimum bid requirements for listing on a national securities exchange and facilitate a $10 million PIPE investment. Stockholders receiving fractional shares were paid cash in lieu thereof. Alternus Clean Energy operates as a renewable energy provider focusing on utility-scale solar parks, microgrids, and battery storage solutions.

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.

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.