Alternus Clean Energy Announces Pricing of $2.25 Million Private Placement
Alternus Clean Energy (NASDAQ: ALCE) has announced the pricing of a $2.25 million private placement with institutional investors. The offering consists of an Unsecured 20% Original Issue Discount Promissory Note, with expected proceeds of approximately $2.25 million before expenses.
The private placement includes the issuance of 1,526,058 shares of common stock to the purchasers. The company plans to use the net proceeds for working capital and general corporate purposes. The transaction is expected to close around January 23, 2025, subject to customary closing conditions.
Maxim Group is serving as the sole placement agent. The securities will be offered through a private placement exempt from registration requirements under Section 4(a)(2) of the Securities Act of 1933. The company has agreed to file a registration statement for the resale of the shares.
Alternus Clean Energy (NASDAQ: ALCE) ha annunciato il pricing di un collocamento privato di 2,25 milioni di dollari con investitori istituzionali. L'offerta consiste in una Promissory Note Non Garantita con uno Sconto sull'Emissione Originale del 20%, con proventi attesi di circa 2,25 milioni di dollari prima delle spese.
Il collocamento privato include l'emissione di 1.526.058 azioni di azioni ordinarie agli acquirenti. La società prevede di utilizzare i proventi netti per il capitale circolante e scopi aziendali generali. Si prevede che la transazione si chiuda intorno al 23 gennaio 2025, soggetta a condizioni di chiusura consuete.
Maxim Group funge da unico agente di collocamento. I titoli saranno offerti attraverso un collocamento privato esente dai requisiti di registrazione ai sensi della Sezione 4(a)(2) del Securities Act del 1933. La società ha concordato di presentare una dichiarazione di registrazione per la rivendita delle azioni.
Alternus Clean Energy (NASDAQ: ALCE) ha anunciado la valoración de un colocación privada de 2,25 millones de dólares con inversores institucionales. La oferta consiste en un pagaré no garantizado con un descuento de emisión original del 20%, con ingresos esperados de aproximadamente 2,25 millones de dólares antes de gastos.
El colocación privada incluye la emisión de 1.526.058 acciones de acciones comunes a los compradores. La empresa planea utilizar los ingresos netos para capital de trabajo y fines corporativos generales. Se espera que la transacción se cierre alrededor del 23 de enero de 2025, sujeto a las condiciones de cierre habituales.
Maxim Group actúa como el único agente de colocación. Los valores se ofrecerán a través de un colocación privada exenta de requisitos de registro bajo la Sección 4(a)(2) de la Ley de Valores de 1933. La empresa ha acordado presentar una declaración de registro para la reventa de las acciones.
Alternus Clean Energy (NASDAQ: ALCE)는 기관 투자자들과의 225만 달러의 사모펀드 가격 책정을 발표했습니다. 이번 제안은 20%의 원금 할인 약속어음을 포함하며, 예상 수익은 경비를 제외하고 약 225만 달러입니다.
이번 사모펀드에는 구매자에게 1,526,058주의 보통주가 발행됩니다. 회사는 순수익을 운영 자본 및 일반 기업 목적에 사용할 계획입니다. 거래는 2025년 1월 23일경에 종료될 것으로 예상되며, 일반적인 마감 조건이 적용됩니다.
Maxim Group은 단독 배치 대행자로 활동하고 있습니다. 증권은 1933년 증권법 제4(a)(2)조에 따라 등록 요건이 면제된 사모펀드를 통해 제공됩니다. 회사는 주식 재판매를 위해 등록 신청서를 제출하기로 동의했습니다.
Alternus Clean Energy (NASDAQ: ALCE) a annoncé le prix d'un placement privé de 2,25 millions de dollars auprès d'investisseurs institutionnels. L'offre consiste en une Note de Promesse Non Securisée avec une Remise Originale de 20%, avec des produits attendus d'environ 2,25 millions de dollars avant dépenses.
Le placement privé inclut l'émission de 1.526.058 actions de capital ordinaire aux acheteurs. La société prévoit d'utiliser le produit net pour le fonds de roulement et des besoins d'entreprise généraux. La transaction devrait se clôturer aux alentours du 23 janvier 2025, sous réserve des conditions habituelles de clôture.
Maxim Group agit en tant qu'agent exclusif de placement. Les titres seront offerts par le biais d'un placement privé exempté des exigences d'enregistrement en vertu de la Section 4(a)(2) de la Loi de 1933 sur les valeurs mobilières. La société a convenu de déposer une déclaration d'enregistrement pour la revente des actions.
Alternus Clean Energy (NASDAQ: ALCE) hat die Preisgestaltung für eine private Platzierung in Höhe von 2,25 Millionen Dollar mit institutionellen Investoren bekannt gegeben. Das Angebot besteht aus einer unbesicherten 20%igen Originalabschlags-Schuldverschreibung, wobei mit einem Erlös von etwa 2,25 Millionen Dollar vor Kosten gerechnet wird.
Die private Platzierung umfasst die Emission von 1.526.058 Aktien an die Käufer. Das Unternehmen plant, die NETTOERLÖSE für Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Der Abschluss der Transaktion wird voraussichtlich um den 23. Januar 2025 herum stattfinden, vorbehaltlich der üblichen Abschlussbedingungen.
Maxim Group fungiert als alleiniger Platzierungsagent. Die Wertpapiere werden über eine private Platzierung angeboten, die von den Registrierungsanforderungen gemäß Abschnitt 4(a)(2) des Securities Act von 1933 befreit ist. Das Unternehmen hat zugestimmt, eine Registrierungsunterlage für den Wiederverkauf der Aktien zu hinterlegen.
- Secured $2.25 million in additional funding for working capital
- Institutional investors participation indicates market confidence
- 20% Original Issue Discount on the promissory note indicates high cost of capital
- Dilutive effect from issuance of 1,526,058 new shares
- Additional debt burden through promissory note
Insights
Alternus Clean Energy's
The issuance of 1,526,058 additional shares represents further dilution for existing shareholders. For a company with a market cap of about
The timing and terms of this financing raise some red flags. Companies typically resort to such expensive financing terms when they have alternatives or urgent capital needs. The 20% Original Issue Discount is particularly steep - imagine borrowing
The stated use of proceeds for "working capital and general corporate purposes" is notably vague and could indicate immediate operational funding needs rather than growth initiatives. This type of financing, while providing immediate capital, often comes at a significant long-term cost to the company and its shareholders.
New York, New York--(Newsfile Corp. - January 22, 2025) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Alternus" or the "Company") a renewable energy company, today announced the pricing of an approximately
The offering is in the form of an Unsecured
As part of the offering, the Purchasers will also be issued an aggregate of 1,526,058 shares of the Company's common stock, par value
Maxim Group LLC is acting as the sole placement agent for the offering.
The securities described above will be offered in a private placement exempt from the registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act") and Regulation D promulgated thereunder and in a transaction not involving a public offering and have not been registered under the Act or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Alternus Clean Energy, Inc.:
Alternus Clean Energy, Inc. is a NASDAQ-listed renewable energy company committed to advancing sustainable solutions. With a focus on utility-scale projects, such as solar parks, and complementary technologies like microgrids and battery storage, we aim to deliver comprehensive, clean energy across Europe and America. Through strategic investments, we are building a portfolio poised to lead the transition to a sustainable energy future. For more information, please visit https://alternusce.com/.
Forward-Looking Statements
Certain information contained in this release, including any information on the Company's plans or future financial or operating performance and other statements that express the Company's management's expectations or estimates of future performance, constitute forward-looking statements. When used in this notice, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Such statements are based on a number of estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the control of the Company. The Company cautions that such forward-looking statements involve known and unknown risks and other factors that may cause the actual financial results, performance or achievements of the Company to differ materially from the Company's estimated future results, performance or achievements expressed or implied by the forward-looking statements. These statements should not be relied upon as representing Alternus' assessments of any date after the date of this release. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media Contact: IR@alternusenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238066
FAQ
How much funding did Alternus Clean Energy (ALCE) raise in the January 2025 private placement?
How many new shares will ALCE issue in the January 2025 private placement?
What is the structure of ALCE's January 2025 private placement offering?
What will ALCE use the January 2025 private placement proceeds for?
When is ALCE's January 2025 private placement expected to close?
