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Alternus Clean Energy announces termination of US solar parks agreement
Proactiveinvestors NA· 2024-09-20 12:41
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Alternus Clean Energy Announces Termination of Membership Interest Purchase and Sales Agreement (MIPSA) for Portfolio of Solar Parks
Newsfile· 2024-09-19 20:02
| --- | --- | |------------------------------------------------|--------------------------------------------------| | | | | Alternus Clean Energy Announces Termination of | | | | Membership Interest Purchase and Sales Agreement | | (MIPSA) for Portfolio of Solar Parks | | September 19, 2024 4:02 PM EDT | Source: Alternus Clean Energy Inc. Fort Mill, South Carolina--(Newsfile Corp. - September 19, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus" or the "Company"), a leading utility-scale transa ...
Alternus Clean Energy(ALCE) - 2024 Q2 - Quarterly Results
2024-08-29 20:03
Exhibit 99.1 Alternus Clean Energy Reports Financial Results for Three and Six Months Ended June 30, 2024 Debt reduced by $80 million(40%) during H1 Additional market focus in microgrids Fort Mill August 27, 2024 -- International Renewable Independent Power Producer (IPP) Alternus Clean Energy Inc. (the "Company" or "Alternus") (NASDAQ: ALCE, OTCPK: ACLEW) recently announced its unaudited financial results for the three and six months ended June 30, 2024 and additionally restated results for its first quart ...
Alternus Clean Energy and Partner Hover Energy Accelerating Pace of Installations with Contracts Completed for Additional Units Valued Between $3m- $4m
Newsfile· 2024-08-28 13:05
. . . | --- | --- | |---------------------------------------------------|-------| | | | | Alternus Clean Energy and Partner Hover Energy | | | Accelerating Pace of Installations with Contracts | | | Completed for Additional Units Valued Between | | Three more Wind-Powered Microgrid(TM) projects ordered for Hawaii August 28, 2024 9:05 AM EDT | Source: Alternus Clean Energy Inc. Fort Mill, South Carolina--(Newsfile Corp. - August 28, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus") is pleased th ...
Alternus Clean Energy Reports Financial Results for Three and Six Months Ended June 30, 2024
Newsfile· 2024-08-27 13:29
. . . Alternus Clean Energy Reports Financial Results for Three and Six Months Ended June 30, 2024 August 27, 2024 9:29 AM EDT | Source: Alternus Clean Energy Inc. Debt reduced by $80 million(40%) during H1 Additional market focus in microgrids Fort Mill, South Carolina--(Newsfile Corp. - August 27, 2024) - International Renewable Independent Power Producer (IPP) Alternus Clean Energy Inc. (NASDAQ: ALCE) (OTC Pink: ACLEW) (the "Company" or "Alternus") recently announced its unaudited financial results for t ...
ALCE Stock Earnings: Alternus Clean Energy Reported Results for Q2 2024
Investor Place· 2024-08-26 16:52
Alternus Clean Energy (NASDAQ:ALCE) just reported results for the second quarter of 2024. Alternus Clean Energy reported earnings per share of -10 cents. The company reported revenue of $3.85 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human ...
Alternus Clean Energy(ALCE) - 2024 Q2 - Quarterly Report
2024-08-23 22:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ to __________ COMMISSION FILE NUMBER 001-41306 ALTERNUS CLEAN ENERGY, INC. (Exact name of registrant as specified in its charter) | --- | --- | |---- ...
Alternus Clean Energy(ALCE) - 2024 Q1 - Quarterly Report
2024-05-21 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ to __________ COMMISSION FILE NUMBER 001-41306 ALTERNUS CLEAN ENERGY, INC. (Exact name of registrant as specified in its charter) | Delaware | 87-14 ...
Alternus Clean Energy(ALCE) - 2023 Q4 - Annual Report
2024-04-15 21:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-41306 ALTERNUS CLEAN ENERGY, INC. (Exact name of registrant as specified in its charter) | --- | --- | |---------------- ...
Alternus Clean Energy(ALCE) - 2023 Q3 - Quarterly Report
2023-11-14 21:45
Financial Performance - As of September 30, 2023, the company had a net income of $7,216, consisting of $1,107,180 in dividend income and $2 in interest income, offset by $672,962 in legal and accounting expenses [132]. - For the nine months ended September 30, 2023, the company reported a net income of $3,239,010, which included $4,216,253 in dividend income and $1,663,187 in realized gains on marketable securities [133]. Working Capital and Financial Position - The company had a working capital deficit of $3,861,647 as of September 30, 2023, excluding marketable securities held in the Trust Account [137]. - Following the redemption of 14,852,437 shares of Class A common stock, approximately $84,562,944 remained in the Trust Account as of September 30, 2023 [128]. - The deferred underwriting fee payable was reduced to $805,000 as of September 30, 2023, after waivers from one of the underwriters [149]. Business Operations and Future Plans - The company has not commenced any operations and will not generate operating revenues until after the completion of a Business Combination [122]. - The Termination Date for the Business Combination Agreement with Alternus Energy Group Plc has been extended to November 28, 2023 [126]. - The company will hold a Special Meeting on December 4, 2023, to consider and approve the business combination with Alternus Energy Group Plc [130]. Costs and Agreements - The company has incurred significant costs in pursuit of its financing and acquisition plans, with a commitment from the Sponsor to extend Working Capital Loans as needed [139]. - The Company entered into a Placement Services Agreement in August 2022, with a nonrefundable cash fee of $500,000 recorded as accrued expenses [150]. - An additional contingent cash fee of $450,000 is dependent on the closing of the Business Combination, with no amounts incurred as of September 30, 2023 [150]. - A Consulting Agreement was established in June 2022, with a monthly compensation of $15,000 for the Consultant [152]. - Upon closing of an initial business combination, a one-time success fee of $25,000 and a potential cash bonus of $50,000 are payable, contingent on certain criteria being met [152]. - As of September 30, 2023, the Company has incurred and paid $79,353 under the Consulting Agreement [152]. Accounting and Estimates - The Company has not identified any critical accounting estimates that could materially differ from actual results [153]. - Recent accounting pronouncements are referenced in Note 2 of the condensed financial statements [154].