Alternus Clean Energy announces 1-for-25 reverse stock split [Seeking Alpha]
Alternus Clean Energy, Inc. - Class A (ALCE)
Company Research
Source: Seeking Alpha
The reverse stock split is intended to increase the price per share of ALCE common stock, and is part of the company's strategy to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq Capital Market. The split will be become effective on October 11, 2024 and reduce number of common shares outstanding from ~87.28M to ~3.49M shares. No fractional shares of common stock will be issued in connection with the split. ALCE premarket to $0.1169 Source: Press Release More on Alternus Clean Energy Alternus shares jump after it sheds $100M of debt and payables from disposing subsidiaries Financial information for Alternus Clean Energy Recommended For You Comments More Trending News Recommended For You More Trending News
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ALCE
News
- Alternus Clean Energy Completes Acquisition of LiiON, a Leading US-Based Provider of Advanced Energy Storage Solutions [Yahoo! Finance]Yahoo! Finance
- Alternus Clean Energy Continues Deleveraging Program by Removing Additional $30 Million of Debt, Improving Shareholder Equity by Approximately $4 Million [Yahoo! Finance]Yahoo! Finance
ALCE
Sec Filings
- 12/20/24 - Form EFFECT
- 12/16/24 - Form S-1/A
- 12/12/24 - Form 8-K
- ALCE's page on the SEC website