Alternus Clean Energy Effects 1-for-2,500 Reverse Stock Split

What Happened

• Alternus Clean Energy, Inc. (ALCE) filed an 8-K reporting that it effected a 1-for-2,500 reverse stock split of its common stock at 12:01 a.m. Eastern Time on August 20, 2026, pursuant to a Certificate of Amendment filed with the Delaware Secretary of State. The Board had previously authorized a reverse split ratio range on June 16, 2026 and selected the 1-for-2,500 ratio. The reverse split applied proportionately to all holders and no fractional shares were issued.

Key Details

• Reverse split ratio: 1-for-2,500, effective Aug 20, 2026 at 12:01 a.m. ET (Certificate of Amendment filed Aug 13, 2026).
• Outstanding common shares reduced from approximately 724,658 before the split to approximately 290 after the split; authorized shares unchanged.
• Fractional shares were settled in cash (no fractional shares issued); cash price equals the five-day average OTC Pink closing price prior to the Effective Time divided by 2,500.
• Post-split trading: temporary ticker “ALCED” for 20 trading days starting Aug 20, 2026, then changing to “ADIS”; new CUSIP 02157G 408. Proportional adjustments were made to warrants, convertible preferred stock, other convertibles, and equity incentive plan reserves per their terms.

Why It Matters

• The reverse split materially reduces the number of outstanding shares and increases the per-share basis, but does not change any holder’s percentage ownership except where cash was paid for fractional shares. Investors should expect their share counts to be reduced and cash in lieu payments for fractions where applicable.
• The change in ticker symbol, CUSIP, and adjusted share count can affect trading, recordkeeping, and how holdings appear in brokerage accounts; shareholders holding shares in “street name” generally needed to take no action. Holders should check brokerage statements and contact their broker or the transfer agent (Equiniti) for questions and confirm the adjusted holdings.