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The latest update is out from Alternus Clean Energy ( (ALCE) ).
On January 21, 2025, Alternus Clean Energy, Inc. entered into a securities purchase agreement with institutional investors, resulting in a private placement of unsecured promissory notes with a 20% original issue discount, expected to generate gross proceeds of $2.25 million. The transaction closed on January 23, 2024, with proceeds intended for working capital and corporate purposes, positioning the company to meet Nasdaq listing requirements while leveraging Maxim Group LLC as the placement agent.
More about Alternus Clean Energy
Alternus Clean Energy, Inc. is a NASDAQ-listed company dedicated to promoting sustainable energy solutions, primarily through utility-scale projects such as solar parks and technologies like microgrids and battery storage. The company focuses on delivering clean energy throughout Europe and America and is building a strategic investment portfolio to lead the transition to a sustainable energy future.
YTD Price Performance: -63.10%
Average Trading Volume: 1,250,576
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on ALCE stock on TipRanks’ Stock Analysis page.