Sichenzia Ross Ference Carmel LLP Represents Alternus Energy Group Plc. in Business Combination with Clean Earth Acquisitions Corp.
Press Release – New York, NY – December 26th, 2023 – Sichenzia Ross Ference Carmel LLP announced today that it represented Alternus Energy Group Plc. (OSE: ALT) (“AEG”) in a successful business combination with Clean Earth Acquisitions Corp. (NASDAQ: CLIN), a special purpose acquisition company.
The newly combined company will adopt the name of “Alternus Clean Energy Inc.” (“Alternus Clean Energy” or the “Company”). Under the terms of the amended business combination agreement, AEG owns approximately 80% of the Company, with the remaining shares owned by Clean Earth sponsors and public shareholders. The Company has acquired a majority of AEG’s assets. At the same time, AEG will continue to exist as a separate legal entity and will continue to trade on the Euronext Growth stock market in Oslo under the ticker (OSE: ALT).
Alternus Clean Energy’s common stock began trading on the NASDAQ Stock Market on December 26th, 2023 under the ticker symbol (NASDAQ: ALCE).
The Sichenzia Ross Ference Carmel LLP team was led by partners Ross Carmel, Jeffrey Wofford, and associate Mohit Agrawal.
Click here for a full list of recent combinations & transactions spearheaded by SRFC.
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