Alternus Clean Energy, Inc. announced on January 24, 2025, the closing of its previously announced private placement, raising $2.25 million. The offering was structured as an Unsecured 20% Original Issue Discount Promissory Note.
The net proceeds from this offering, approximately $2.25 million, will be allocated towards working capital and general corporate purposes. This capital infusion is vital for supporting the company's ongoing operations and strategic growth initiatives.
As part of the transaction, the institutional investors involved in the private placement received an aggregate of 1,526,058 shares of the company's common stock. Alternus has committed to filing a registration statement for the resale of these shares.
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