Alternus Energy Group today announced that Clean Earth Acquisitions filed a definitive proxy and announced a Dec. 4 meeting for the SPAC’s shareholders to vote on a merger of the parties.
Announced in October 2022, terms call for the SPAC to issue $275 million in stock to the combined enterprise, plus 20 million earnout shares. There is a minimum $25 million condition to close.
Alternus is a transatlantic clean energy independent power producer. Headquartered in Ireland, the company develops, installs, owns and operates utility scale solar parks in Europe and the U.S. Read more.
