Alternus Clean Energy Files Definitive Proxy Statement
Ticker: ALCE · Form: DEF 14A · Filed: Sep 6, 2024 · CIK: 1883984
| Field | Detail |
|---|---|
| Company | Alternus Clean Energy, INC. (ALCE) |
| Form Type | DEF 14A |
| Filed Date | Sep 6, 2024 |
| Risk Level | medium |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.351 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, annual-meeting, governance
TL;DR
Alternus Clean Energy's proxy statement is out for the Sept 26 meeting - vote on exec pay & board!
AI Summary
Alternus Clean Energy, Inc. filed its definitive proxy statement on September 6, 2024, for its annual meeting on September 26, 2024. The company, formerly known as Clean Earth Acquisitions Corp. until September 20, 2021, is seeking shareholder approval for matters related to its operations and governance. The filing provides details on executive compensation, director elections, and other corporate actions.
Why It Matters
This filing is crucial for shareholders as it outlines the proposals they will vote on at the upcoming annual meeting, impacting the company's future direction and management.
Risk Assessment
Risk Level: medium — Proxy statements can signal upcoming corporate actions or shareholder disputes that may affect stock price.
Key Numbers
- 0001883984 — Central Index Key (Unique identifier for Alternus Clean Energy, Inc.)
- 001-41306 — SEC File Number (SEC filing number for Alternus Clean Energy, Inc.)
Key Players & Entities
- Alternus Clean Energy, Inc. (company) — Registrant
- Clean Earth Acquisitions Corp. (company) — Former company name
- September 20, 2021 (date) — Date of name change
- September 6, 2024 (date) — Filing date
- September 26, 2024 (date) — Annual meeting date
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose is to provide shareholders with information required for the annual meeting of shareholders, including details on director nominations, executive compensation, and other corporate matters.
When is the annual meeting of shareholders scheduled to take place?
The annual meeting of shareholders is scheduled to take place on September 26, 2024.
What was Alternus Clean Energy, Inc. previously named?
Alternus Clean Energy, Inc. was previously named Clean Earth Acquisitions Corp.
On what date was the company's name changed?
The company's name was changed on September 20, 2021.
What is the filing date of this definitive proxy statement?
This definitive proxy statement was filed on September 6, 2024.
Filing Stats: 4,207 words · 17 min read · ~14 pages · Grade level 16 · Accepted 2024-09-06 15:27:21
Key Financial Figures
- $0.351 — ”), at a price that is less than $0.351 which exceeds 19.99% of the outstanding
Filing Documents
- ea0212138-02.htm (DEF 14A) — 1263KB
- talternus_logo.jpg (GRAPHIC) — 80KB
- talternus_logo1.jpg (GRAPHIC) — 80KB
- tvincent_sig.jpg (GRAPHIC) — 32KB
- tvincent_sig1.jpg (GRAPHIC) — 32KB
- tproxy_001.jpg (GRAPHIC) — 1245KB
- tproxy_002.jpg (GRAPHIC) — 1309KB
- tproxy_003.jpg (GRAPHIC) — 1594KB
- 0001213900-24-076476.txt ( ) — 7287KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION   19 DIRECTOR COMPENSATION   21
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS   22 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS   23 DELINQUENT SECTION 16(A) REPORTS   25 AUDIT COMMITTEE REPORT   26 PROPOSAL 2: APPROVAL OF THE ISSUANCE OF A NUMBER OF SHARES OF OUR COMMON STOCK RELATED TO THE CONVERSION OF, AND PAYMENT OF INTEREST SHARES AND REDEMPTION SHARES PURSUANT TO, A CONVERTIBLE NOTE, AND THE EXERCISE OF A WARRANT, AT A PRICE THAT IS LESS THAN $0.351 WHICH EXCEEDS 19.99% OF THE OUTSTANDING SHARES OF OUR COMMON STOCK AS OF APRIL 18, 2024, FOR PURPOSES OF COMPLYING WITH LISTING RULE 5635(D) OF NASDAQ   28 PROPOSAL 3: APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO INCREASE THE TOTAL NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 150,000,000 to 300,000,000   31 PROPOSAL 4: APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO REMOVE RESTRICTIONS ON THE ABILITY OF OUR STOCKHOLDERS TO TAKE ACTION BY WRITTEN CONSENT   33 PROPOSAL 5: APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO EFFECT A REVERSE STOCK SPLIT OF OUR COMMON STOCK AT A RATIO RANGING FROM 1-FOR-10 AND 1-FOR-50, AS DETERMINED BY OUR BOARD OF DIRECTORS IN ITS SOLE DISCRETION   34 PROPOSAL 6: APPROVAL OF AN AMENDMENT TO OUR 2023 EQUITY INCENTIVE PLAN (THE “PLAN”) TO INCREASE THE TOTAL NUMBER OF AUTHORIZED SHARES OF COMMON STOCK UNDER THE PLAN FROM 8,000,000 TO 28,000,000   40 PROPOSAL 7: APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO LIMIT THE LIABILITY OF CERTAIN OFFICERS AS PERMITTED BY DELAWARE LAW.   45 PROPOSAL 8: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   47 ADDITIONAL INFORMATION