Alternus Clean Energy, Inc. Announces 1-for-2,500 Reverse Stock Split

Rhea-AI Summary

Alternus Clean Energy (OTC: ALCE, ACLEW) will implement a 1-for-2,500 reverse stock split of its common stock, effective 12:01 a.m. ET on August 20, 2026. Post-split trading on the OTC Markets is expected to begin that day, initially under the temporary symbol “ALCED” for 20 trading days, then under “ADIS,” with a new CUSIP 02157G 408.

According to the company, the split is intended to raise the per-share price to meet minimum bid requirements for a national exchange listing and broaden institutional investor appeal. The split, approved by the board and majority stockholder, will reduce outstanding shares from approximately 724,658 to about 290, without changing the authorized share count or par value. Fractional shares will be cashed out based on the prior day’s closing price. The company also highlighted progress at EverOn Energy LLC, its 51%-owned AI microgrid joint venture with Hover Energy.

Positive

• 1-for-2,500 reverse stock split effective August 20, 2026
• Outstanding common shares reduced from ~724,658 to ~290 post-split
• Authorized share count unchanged, preserving capacity for future corporate actions

Negative

• None.

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New York, NY, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Alternus Clean Energy, Inc. (OTC: ALCE, ACLEW) (“the Company,” “Alternus” or “ALCE”), a transatlantic clean energy provider, today announced that it will effect a 1-for-2,500 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Thursday, August 20, 2026, and the Company’s common stock will commence trading on the OTC Markets on a post-split basis at the opening of the market on August 20, 2026, pending confirmation by the Depository Trust Company and FINRA. The Company’s common stock will continue to trade for the next 20 trading days on the OTC Markets under the trading symbol “ALCED,” after which it will trade under the new symbol “ADIS.” Additionally, a new CUSIP number, 02157G 408, has been assigned as a result of the reverse stock split.

The primary goal of the reverse stock split is to increase the per-share trading price of the Company’s common stock to meet the minimum bid price requirement for listing on a national securities exchange and to help broaden its appeal to a wider base of institutional and long-term investors. The action was approved by the Company’s Board of Directors and the holder of a majority of the Company’s outstanding voting capital stock by written consent in lieu of a meeting, in accordance with Sections 228 and 242 of the Delaware General Corporation Law.

At the effective time of the reverse stock split, every 2,500 shares of the Company’s issued and outstanding common stock will be automatically combined, reclassified and changed into one (1) share of validly issued, fully paid and non-assessable common stock, without any change in the par value of $0.0001 per share. The total number of authorized shares of common stock will not be affected by the reverse stock split. The reverse stock split will reduce the number of shares of common stock outstanding from approximately 724,658 shares to approximately 290 shares. No fractional shares of common stock will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share will instead receive a cash payment equal to the fractional share interest multiplied by the closing price of the Company’s common stock on the OTC Markets on the last trading day immediately preceding the effective date of the reverse stock split.

Stockholders of record will receive information regarding their share ownership following the reverse stock split from the Company’s transfer agent, Equiniti Trust Company, LLC. Equiniti can be reached at (833) 656-0637. Additional information about the reverse stock split can be found in the Company’s information statement on Schedule 14C, filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 3, 2026, and available free of charge at the SEC’s website at www.sec.gov.

“This action represents an important step on our journey to relist on a national exchange at the earliest opportunity, following a period of refocusing the business and significantly strengthening our balance sheet,” said Vincent Browne, Chief Executive Officer of Alternus. “Enhancing our stock’s trading dynamics and uplisting to a national exchange will allow us to complete a committed $10 million PIPE investment and also attract a broader shareholder base over time to support growth of our business plans in the fast growing microgrid energy generation market.”

“During 2026 we have advanced the customer pipeline and prospects of EverOn Energy LLC, a 51%-owned joint venture with Hover Energy LLC, a leader in AI Microgrid solutions for the built environment. EverOn’s focus is to deliver advanced and unique Wind Powered Microgrids^tm to large corporate clients across both continents. EverOn expects to announce its first clients in the UK shortly. We are confident that executing on these activities will provide a strong foundation for sustained revenue and income growth and build shareholder value both in the near term and over time.”

About Alternus Clean Energy, Inc.

Alternus Clean Energy is a renewable energy company committed to advancing sustainable solutions. With a focus on utility-scale projects, such as solar parks, and complementary technologies like microgrids and battery storage, we aim to deliver comprehensive, clean energy across Europe and America. Through strategic investments, we are building a portfolio poised to lead the transition to a sustainable energy future. For more information, visit https://alternusce.com/.

Forward-Looking Statements

Certain information contained in this release, including any information on the Company’s plans or future financial or operating performance and other statements that express the Company’s management’s expectations or estimates of future performance, constitute forward-looking statements. When used in this notice, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Such statements are based on a number of estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the control of the Company. The Company cautions that such forward-looking statements involve known and unknown risks and other factors that may cause the actual financial results, performance or achievements of the Company to differ materially from the Company’s estimated future results, performance or achievements expressed or implied by the forward-looking statements. These statements should not be relied upon as representing Alternus’ assessments of any date after the date of this release. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact: 
ir@alternusenergy.com

Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: ALCE@crescendo-ir.com 

FAQ

What is the ratio and effective date of the Alternus Clean Energy (ALCE) reverse stock split?

Alternus Clean Energy is implementing a 1-for-2,500 reverse stock split effective at 12:01 a.m. Eastern Time on August 20, 2026. According to the company, shares will begin trading on a post-split basis on the OTC Markets when the market opens that same day.

How will the Alternus Clean Energy (ALCE) reverse split affect the number of outstanding shares?

The reverse split will automatically combine every 2,500 existing common shares into one new share. According to Alternus, this will reduce outstanding common stock from approximately 724,658 shares to about 290 shares, while leaving the total authorized share count unchanged.

What new ticker symbols and CUSIP will Alternus Clean Energy (ALCE) use after the reverse split?

Following the reverse split, Alternus common stock is expected to trade for 20 trading days under the temporary symbol “ALCED,” then under “ADIS.” According to the company, the reverse split will also result in a new CUSIP number, listed as 02157G 408 for the common stock.

What happens to fractional shares in the Alternus Clean Energy (ALCE) 1-for-2,500 reverse split?

Alternus will not issue fractional post-split shares. According to the company, shareholders otherwise entitled to a fractional share will receive a cash payment equal to that fraction multiplied by the closing ALCE price on the last trading day before the effective date.

Why is Alternus Clean Energy (ALCE) conducting a 1-for-2,500 reverse stock split?

Alternus states the primary goal is to increase its per-share trading price to satisfy minimum bid price requirements for listing on a national securities exchange. According to the company, this is also intended to broaden appeal to institutional and long-term investors.

How is the Alternus Clean Energy (ALCE) reverse split connected to its $10 million PIPE investment?

According to Alternus, uplisting its stock to a national exchange after the reverse split would allow completion of a committed $10 million PIPE investment. The company indicates that enhanced trading dynamics and a national exchange listing are important steps to support this capital raise.

What role does EverOn Energy play in Alternus Clean Energy’s (ALCE) growth plans?

Alternus highlights EverOn Energy LLC as a 51%-owned joint venture with Hover Energy, focused on Wind Powered Microgridstm for large corporate clients. According to the company, EverOn advanced its customer pipeline in 2026 and expects to announce its first UK clients shortly.