Alternus Clean Energy Relocates HQ to Fort Mill, SC
Ticker: ALCE · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1883984
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, administrative-change
TL;DR
**Alternus Clean Energy moved its main office to Fort Mill, SC, effective January 3, 2024.**
AI Summary
Alternus Clean Energy, Inc. filed an 8-K on January 3, 2024, to update its principal executive office address from 12600 Hill Country Blvd., Building R, Suite 275, Bee Cave, TX 78738 to 360 Kingsley Park Drive, Suite 250, Fort Mill, South Carolina 29715. This change matters to investors because it indicates a potential operational or strategic shift, which could impact the company's efficiency, costs, or access to resources, ultimately affecting its stock performance.
Why It Matters
A change in headquarters can signal a strategic shift, potentially impacting operational costs, access to talent, or even future business development, all of which can influence investor sentiment and stock value.
Risk Assessment
Risk Level: low — Changing a principal executive office address is a routine administrative update and typically carries minimal direct risk to investors.
Analyst Insight
Investors should monitor future filings or company announcements for any strategic reasons behind the headquarters relocation, as this administrative change itself doesn't provide enough information for a direct investment decision.
Key Players & Entities
- Alternus Clean Energy, Inc. (company) — the registrant filing the 8-K
- 12600 Hill Country Blvd., Building R, Suite 275, Bee Cave, TX 78738 (address) — the former principal executive office address
- 360 Kingsley Park Drive, Suite 250, Fort Mill, South Carolina 29715 (address) — the new principal executive office address
- January 3, 2024 (date) — the date of the earliest event reported and filing
Forward-Looking Statements
- The relocation to Fort Mill, SC, could lead to changes in operational costs for Alternus Clean Energy, Inc. (Alternus Clean Energy, Inc.) — medium confidence, target: 2024-12-31
FAQ
What was the former principal executive office address for Alternus Clean Energy, Inc.?
The former principal executive office address for Alternus Clean Energy, Inc. was 12600 Hill Country Blvd., Building R, Suite 275, Bee Cave, TX 78738.
What is the new principal executive office address for Alternus Clean Energy, Inc.?
The new principal executive office address for Alternus Clean Energy, Inc. is 360 Kingsley Park Drive, Suite 250, Fort Mill, South Carolina 29715.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 3, 2024.
What is the telephone number for Alternus Clean Energy, Inc.?
The telephone number for Alternus Clean Energy, Inc. is (800) 581-1531.
What is the state of incorporation for Alternus Clean Energy, Inc.?
Alternus Clean Energy, Inc. is incorporated in Delaware.
Filing Stats: 626 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-01-03 15:08:54
Key Financial Figures
- $0.0001 — h registered Common Stock, par value $0.0001 per share ALCE The Nasdaq Stock Mar
- $218 million — um amount of 200 million (approximately $218 million) with a stated coupon rate of 6.5% plus
Filing Documents
- ea191104-8k_alternus.htm (8-K) — 28KB
- ea191104ex99-1_alternus.htm (EX-99.1) — 4KB
- 0001213900-24-000681.txt ( ) — 205KB
- alce-20240103.xsd (EX-101.SCH) — 3KB
- alce-20240103_lab.xml (EX-101.LAB) — 33KB
- alce-20240103_pre.xml (EX-101.PRE) — 22KB
- ea191104-8k_alternus_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
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.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Euronext notice related to Solis Bond, dated January 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
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