Alternus Clean Energy, Inc. announced on January 22, 2025, the pricing of an approximately $2.25 million private placement round with several institutional investors. The offering is structured as an Unsecured 20% Original Issue Discount Promissory Note.
The closing of this private placement round is expected to occur on or about January 23, 2025, subject to customary closing conditions. The company intends to use the net proceeds from this offering for working capital and general corporate purposes.
As part of the offering, the purchasers will also be issued an aggregate of 1,526,058 shares of the company's common stock. Alternus has agreed to file a registration statement for the resale of these shares.
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