Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has announced the pricing of a $2.25 million private placement with institutional investors.
The offering, structured as an Unsecured 20% Original Issue Discount Promissory Note, is set to close on or about January 23, 2025.
The funds raised will be used for working capital and general corporate purposes.
In addition to the promissory note, investors will receive over 1.5 million shares of Alternus’ common stock. The company plans to register these shares for resale.
Maxim Group LLC is acting as the exclusive placement agent for the transaction.