Alternus Clean Energy Announces Pricing of $2.25 Million Private Placement

Core Points - Alternus Clean Energy, Inc. announced a private placement round priced at approximately $2.25 million with institutional investors [1][2] - The proceeds from the offering will be used for working capital and general corporate purposes [2] - The offering includes an aggregate of 1,526,058 shares of common stock to the purchasers [3] Financial Details - The offering is structured as an Unsecured 20% Original Issue Discount Promissory Note, expected to yield approximately $2.25 million before expenses [2] - The Note will be fully repayable in cash upon maturity [2] Regulatory Information - The securities are offered in a private placement exempt from registration requirements under Section 4(a)(2) of the Securities Act of 1933 [4] - The securities may not be reoffered or resold in the United States without an effective registration statement or applicable exemption [4] Company Overview - Alternus Clean Energy, Inc. is a NASDAQ-listed renewable energy company focused on utility-scale projects and sustainable energy solutions [6] - The company aims to lead the transition to a sustainable energy future through strategic investments in solar parks, microgrids, and battery storage [6]