Form 8-K - Current report
January 03 2024 - 3:08PM
Edgar (US Regulatory)
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2024-01-03
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 3, 2024
ALTERNUS CLEAN ENERGY, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-41306 |
|
87-1431377 |
(State or other jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification Number) |
360 Kingsley Park Drive, Suite 250
Fort Mill, South Carolina |
|
29715 |
(Address of registrant’s principal executive office) |
|
(Zip code) |
(800) 581-1531
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed since
last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, par value $0.0001 per share |
|
ALCE |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01. Regulation FD Disclosure.
As previously disclosed, (i) in 2021, Solis Bond
Company, Designated Activity Company (“Solis”), a company formed under the laws of Ireland and an indirect, wholly owned subsidiary
of Alternus Clean Energy, Inc. (the “Company”), issued certain 3-year FRN senior secured green bonds 2021/2024 (ISIN NO0010914914)
(the “Solis Bonds”) in the maximum amount of €200 million (approximately $218 million) with a stated coupon rate of 6.5%
plus EURIBOR and quarterly interest payments and (ii) Solis previously breached certain financial covenants of the Solis Bonds, and the
holders of the Solis Bonds approved, among other things, temporary waivers of such covenants and related extensions of such waivers in
each of April 2023, June 2023 and October 2023.
On January 3, 2024, Alternus Energy Group plc (OSE:
ALT), a majority stockholder of the Company, disclosed in a notice filed on the Euronext Growth Oslo stock exchange (the “Euronext”)
that Solis’ bondholders formally approved certain resolutions previously disclosed
on the Euronext on December 18, 2023, including, among other things, an extension of the temporary
waivers and the maturity date of the Solis Bonds until January 31, 2024, with the right to
further extend to February 29, 2024 at the Solis Bond trustee’s discretion. A copy of the notice is attached hereto as Exhibit
99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 3, 2024 |
ALTERNUS CLEAN ENERGY, INC. |
|
|
|
|
By: |
/s/ Vincent Browne |
|
Name: |
Vincent Browne |
|
Title: |
Chief Executive Officer and
Chairman of the Board of Directors |
2
Exhibit 99.1
Update on Bond Waiver and Amendments to the Bond Terms
Dublin, 3 January 2024,
Reference is made to the updates issued by Alternus
Energy Group Plc (OSE: ALT) (the “Company”) and Solis Bond Company DAC (“Solis”), an indirect wholly owned subsidiary
of Alternus Clean Energy, Inc. (NASDAQ: ALCE), a majority owned subsidiary of the Company, on 9 March 2023, 21 March 2023, 27 March 2023,
18 April 2023, 24 April 2023, 16 May 2023, 19 September 2023, 16 October 2023 and 18 December 2023 regarding the waivers of the financial
covenants and extension of the maturity date sought from the bondholders in Solis’ FRN senior secured EUR 200,000,000 green bonds
2021/2024 (ISIN NO0010914914).
The Company and Solis are pleased to announce
that the bondholders have voted to approve the resolutions for the extension of the waivers and the maturity date to the Bond Terms, as
previously attached to the Company’s notice filed on 18 December 2023.
About Alternus Energy Group:
The Company is a transatlantic
clean energy independent power producer (IPP). We currently develop, install, own and operate utility scale solar parks in America and
Europe. Our highly motivated and dynamic team at Alternus have achieved rapid growth in recent years. Building on this, our goal is to
reach 3GW of operating projects within 5 years through continued organic development activities and targeted strategic opportunities.
Our vision is to become a leading provider of 24/7 clean energy delivering a sustainable future of renewable power with people and planet
in harmony.
AEG operates primarily through
ALternus Clean Energy, Inc. (Nasdaq: ALCE). AEG is listed on the Euronext Growth Oslo exchange and headquartered in Ireland, while Alternus
Clean Energy, Inc. is listed on Nasdaq and headquartered in the US. They remain as two separate legal entities.
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Entity Registrant Name |
ALTERNUS CLEAN ENERGY, INC.
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Entity Central Index Key |
0001883984
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Entity Tax Identification Number |
87-1431377
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
360 Kingsley Park Drive
|
Entity Address, Address Line Two |
Suite 250
|
Entity Address, City or Town |
Fort Mill
|
Entity Address, State or Province |
SC
|
Entity Address, Postal Zip Code |
29715
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ALCE
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