Alternus Clean Energy Files 10-Q/A Amendment

TL;DR

ACEN filed an amended 10-Q for Q1 2024. Check for updates.

AI Summary

Alternus Clean Energy, Inc. filed an amendment (10-Q/A) on August 26, 2024, for the quarterly period ended March 31, 2024. The company, formerly known as Clean Earth Acquisitions Corp., is incorporated in Delaware and headquartered in Fort Mill, South Carolina. This filing is an amendment to their previous 10-Q report.

Why It Matters

This filing provides updated or corrected information for the quarterly period ending March 31, 2024, which is crucial for investors to have the most accurate financial and operational data.

Risk Assessment

Risk Level: low — This is a routine amendment to a quarterly report, not indicating new material adverse events.

Key Numbers

• 001-41306 — SEC File Number (Identifies the company's filings with the SEC)
• 87-1431377 — IRS Number (Company's Employer Identification Number)

Key Players & Entities

• Alternus Clean Energy, Inc. (company) — Registrant
• Clean Earth Acquisitions Corp. (company) — Former company name
• 20240331 (date) — Quarterly period ended
• 20240826 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share ALCE The Nasdaq Stock Market

Filing Documents

• ea0211745-10qa1_alternus.htm (10-Q/A) — 1711KB
• ea021174501ex31-1_alternus.htm (EX-31.1) — 11KB
• ea021174501ex32-1_alternus.htm (EX-32.1) — 4KB
• 0001213900-24-072312.txt ( ) — 11911KB
• aegp-20240331.xsd (EX-101.SCH) — 123KB
• aegp-20240331_cal.xml (EX-101.CAL) — 95KB
• aegp-20240331_def.xml (EX-101.DEF) — 538KB
• aegp-20240331_lab.xml (EX-101.LAB) — 844KB
• aegp-20240331_pre.xml (EX-101.PRE) — 544KB
• ea0211745-10qa1_alternus_htm.xml (XML) — 1961KB

, Item 1: Financial Statements

Part I, Item 1: Financial Statements

, Item 2: Management's

Part I, Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations

, Item 4: Controls and

Part I, Item 4: Controls and Procedures

, Item 1A: Risk Factors

Part II, Item 1A: Risk Factors

, Item 6: Exhibits

Part II, Item 6: Exhibits ALTERNUS CLEAN ENERGY, INC. INDEX TO FORM 10-Q/A Page #

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 1 Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 1 Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023 2 Consolidated Statements of Stockholders' Equity (Deficit) for the Three Months Ended March 31, 2024 and 2023 3 Consolidated Statements of Cash Flows for the Three months Ended March 31, 2024 and 2023 4

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 38

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 55

Controls and Procedures

Item 4. Controls and Procedures 55

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 57

Risk Factors

Item 1A. Risk Factors 57

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 57

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 58

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 58 Item 5. Other Information 58

Exhibits

Item 6. Exhibits 58

Signatures

Signatures 59 i CAUTIONARY Certain of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical facts, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2023, in "Item 1A. Risk Factors" in Part II of this Quarterly Report on Form 10-Q and in any subsequent filing we make with the SEC, as well as in any documents incorporated by reference that describe risks and factors that could cause results to differ materially from those projected in these forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in

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View this 10-Q/A filing on SEC EDGAR