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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Sec Filings
- 11/19/24 - Form SC
- 11/19/24 - Form 10-Q
- 11/18/24 - Form PRE
- ALCE's page on the SEC website