EX-99.1 3 ea025664601ex99-1_alternus.htm PRESS RELEASE, DATED AS OF SEPTEMBER 3, 2025 Exhibit 99.1 Alternus Clean Energy, Inc. Announces 1-for-200 Reverse Stock Split New York, September 3 2025 - Alternus Clean Energy, Inc. (OTCQB: ALCE, ACLEW) (“the Company,” “Alternus” or “ALCE”), a transatlantic clean energy provider, today announced that it will effect a 1-for-200 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Friday, September 5, 2025, and the Company’s common stock will commence trading on the OTCQB Market on a post-split basis at the opening of the market on September 5, 2025, pending confirmation by the Depository Trust Company and FINRA. The Company’s common stock will continue to trade on the OTCQB Market under the Company’s existing trading symbol, “ALCE,” and a new CUSIP number 02157G 309 has been assigned as a result of the reverse stock split. The primary goal of the reverse stock split is to increase the per-share trading price of the Company’s common stock and help broaden its appeal to a wider base of institutional and long-term investors. The action was approved by the Company’s Board of …
Open exhibit ↗Current Report · Items 3.03, 5.03, 8.01, 9.01 · 8-K
Aedis Energy Inc.
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other Events
Item 3.03 Material Modifications to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the information contained in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.
Company context
The Company was incorporated on May 14, 2021 under the laws of Delaware. We currently have 10 employees; 2 are located at the Company’s headquarters in New York, 1 is located remotely elsewhere in the United States, 5 are located in Dublin, Ireland, and 2 are located elsewhere in Europe. Our employees perform various services such as business development, finance, and management functions.
Current securities
Historical securities (10)
ADISOTC · EQUITY · Historical · closed Oct 19, 2026ALCENASDAQ · EQUITY · Historical · closed Feb 11, 2025ALCEOTC · EQUITY · Historical · closed Sep 5, 2025ALCEOTC · EQUITY · Historical · closed Aug 20, 2026ALCEDOTC · EQUITY · Historical · closed Oct 3, 2025ALCEDOTC · EQUITY · Historical · closed Oct 3, 2025CLINNASDAQ · EQUITY · Historical · closed Dec 22, 2023CLINRNASDAQ · RIGHT · Historical · closed Dec 22, 2023CLINUNASDAQ · UNIT · Historical · closed Dec 22, 2023CLINWNASDAQ · WARRANT · Historical · closed Dec 22, 2023
Recent company filings
- 10-K/A filingOct 1, 2026
- Unregistered Sales of Equity Securities · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsSep 4, 2026
- Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other EventsSep 1, 2026
- Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other EventsAug 20, 2026
- 10-Q filingAug 14, 2026
Disclosure sections
Item 3.03Item 3.03 - Material Modification to Rights
Item 3.03 Material Modifications to Rights of Security Holders.
To the extent required by Item 3.03 of Form 8-K,
the information contained in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
To the extent required by Item 5.03 of Form 8-K,
the information contained in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events
On September 5, 2025, Alternus Clean Energy, Inc. (the “Company”)
effected a one-for-two hundred (1:200) reverse stock split of all issued and outstanding shares of the Company’s common stock, par
value $0.0001 per share (the “Common Stock”) effective as of 12:01 a.m. Eastern Time on September 5, 2025 (the “Reverse
Stock Split”), vide a Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of Alternus
Clean Energy, Inc. (the “Certificate of Amendment”) filed with the Secretary of State of Delaware on September 2, 2025, and
deemed effective on September 5, 2025 at 12:01 a.m. Eastern Time.
As previously disclosed in the Company’s
Definitive Information Statement filed on April 14, 2025, the Company’s Board of Directors (the “Board”) and the holders
of a majority of the Company’s voting capital stock approved by written consent in lieu of meetings executed on March 21, 2025 a
proposal authorizing an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of all issued and
outstanding shares of the Common Stock at an exchange ratio ranging from one-for-two (1:2) to one-for-five hundred (1:500), with such
reverse stock split to be effected at an exchange ratio and at such a date and time, if at all, as determined by the Board in its sole
discretion. The Board subsequently determined to effect a 1:200 reverse stock split effective as of 12:01 a.m. Eastern Time on September
5, 2025 (the “Reverse Stock Split”).
As a result of the Reverse Stock Split, every
two hundred (200) shares of issued and outstanding Common Stock combined into one (1) validly issued, fully paid and nonassessable share
of Common Stock. The Reverse Stock Split uniformly affected all issued and outstanding shares of Common Stock and did not alter any stockholder’s
percentage ownership interest in the Company, except to the extent of the Reverse Stock Split’ results in the fractional interests.
No fractional shares were issued in connection with the Reverse Stock Split. Stockholders who otherwise would have been entitled to receive
fractional shares of Common Stock received an amount in cash (without interest or deduction) equal to the fraction of one share to which
such stockholder would otherwise be entitled multiplied by the share price, representing the product of the average closing price of the
Company’s common stock on the OTCQB Market for the five consecutive trading days immediately preceding the effective date of the
Reverse Stock Split and the inverse of the Reverse Stock Split ratio. Proportional adjustments have also been made to the Company’s
outstanding warrants, stock options, and convertible securities, as well as to the reserves available pursuant to the terms of the Company’s
2023 Equity Incentive Plan to reflect the Reverse Stock Split, in each case, in accordance with the terms thereof.
The Reverse Stock Split reduced the number of
shares of Common Stock issued and outstanding from the earlier 138,056,533 to 690,282 shares of Common Stock. The number of authorized
shares of Common Stock did not change by the Reverse Stock Split.
The Company’s transfer agent, Equiniti Trust
Company, LLC (formerly known as American Stock Transfer & Trust Company) (“Equiniti”) acted as the exchange agent for
the reverse stock split. Instructions regarding the exchange of stock certificates, as applicable, were provided to stockholders of record
as of September 4, 2025 by Equiniti. Stockholders who held their shares in brokerage accounts or “street name” were not required
to take any action to effect the exchange of their shares.
The Common Stock started trading on a split-adjusted
basis on the OTCQB Market at the market open on September 5, 2025. The trading symbol for the Common Stock remains “ALCE.”
Following the Reverse Stock Split, the CUSIP for the Company’s Common Stock is 02157G 309.
The description of the Certificate of Amendment
and the Reverse Stock Split is qualified in its entirety by reference to the text of the Certificate of Amendment, which is filed as Exhibit
3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
On September 3, 2025, the Company issued a press
release announcing the Reverse Stock Split. The full text of the Company’s press release issued in connection with the foregoing
matter is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.