Alternus Clean Energy’s subsidiary Alt Alliance entered subscription agreements with investors for a private placement of secured promissory notes with an aggregate principal amount of USD 1.25 million. The notes carry a 20% original issue discount and no interest. Gross proceeds totaled USD 1 million, with USD 0.6 million funded at closing and the remainder to be funded in two tranches. The notes mature on the earlier of six months from issuance or a capital raise of at least USD 5 million. The obligations are secured by a first-priority pledge of 100% of Alternus Clean Energy’s membership interests in Alt Alliance.

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