This company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsClean Earth Acquisitions (CLIN) 주식 개요Clean Earth Acquisitions Corp. does not have significant operations. 자세히 보기CLIN 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장0/6과거 실적1/6재무 건전성1/6배당0/6강점공정 가치 추정치보다 낮은 90.7% 에서 거래올해부터 흑자전환위험 분석수익이 USD$1m 미만입니다($0)마이너스 주주 지분지난 3개월 동안 주가 변동성이 US 시장과 비교했을 때 매우 높았습니다.재무 결과에 영향을 미치는 대규모 일회성 항목+ 위험 3건 추가모든 위험 점검 보기CLIN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$5.00해당 없음내재 할인율Est. Revenue$PastFuture-861k4m2016201920222025202620282031Revenue US$1.0Earnings US$0AdvancedSet Fair ValueView all narrativesClean Earth Acquisitions Corp. 경쟁사Edify AcquisitionSymbol: NasdaqCM:EACMarket cap: US$84.0mFrontier InvestmentSymbol: NasdaqCM:FICVMarket cap: US$82.8mAI Transportation AcquisitionSymbol: NasdaqCM:AITRMarket cap: US$86.2mValuence Merger ISymbol: OTCPK:VMCA.FMarket cap: US$95.8m가격 이력 및 성과Clean Earth Acquisitions 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$5.0052주 최고가US$11.3652주 최저가US$4.54베타01개월 변동-52.96%3개월 변동-52.70%1년 변동-50.30%3년 변동n/a5년 변동n/aIPO 이후 변동-49.19%최근 뉴스 및 업데이트공시 • Dec 26Clean Earth Acquisitions Corp.(NasdaqGM:CLIN) dropped from NASDAQ Composite IndexClean Earth Acquisitions Corp. has been dropped from NASDAQ Composite Index (^COMP) .Valuation Update With 7 Day Price Move • Dec 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$5.00, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 50% over the past year.New Risk • Dec 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$83.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (US$83.2m market cap).New Risk • Dec 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to US$6.88, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total loss to shareholders of 31% over the past year.공시 • Nov 15Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider proposal to approve and adopt the Business Combination Agreement;to consider A proposal to amend and restate the Company's certificate of incorporation, dated February 23, 2022, as amended on May 26, 2023;and to consider Proposals to approve and adopt, on a non-binding advisory basis, certain governance provisions in the Proposed Charter, which are being presented separately in accordance with U.S. Securities and Exchange Commission (the SEC") guidance to give stockholders the opportunity to present their separate views on important corporate governance provisions, as five sub-proposals.더 많은 업데이트 보기Recent updates공시 • Dec 26Clean Earth Acquisitions Corp.(NasdaqGM:CLIN) dropped from NASDAQ Composite IndexClean Earth Acquisitions Corp. has been dropped from NASDAQ Composite Index (^COMP) .Valuation Update With 7 Day Price Move • Dec 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$5.00, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 50% over the past year.New Risk • Dec 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$83.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (US$83.2m market cap).New Risk • Dec 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to US$6.88, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total loss to shareholders of 31% over the past year.공시 • Nov 15Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider proposal to approve and adopt the Business Combination Agreement;to consider A proposal to amend and restate the Company's certificate of incorporation, dated February 23, 2022, as amended on May 26, 2023;and to consider Proposals to approve and adopt, on a non-binding advisory basis, certain governance provisions in the Proposed Charter, which are being presented separately in accordance with U.S. Securities and Exchange Commission (the SEC") guidance to give stockholders the opportunity to present their separate views on important corporate governance provisions, as five sub-proposals.New Risk • Aug 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 290% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.6m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Large one-off items impacting financial results.공시 • Aug 17Nasdaq Grants Extension to Clean Earth Acquisitions to Regain ComplianceAs previously disclosed, on June 13, 2023, Clean Earth Acquisitions Corp. (the Company") received a letter (the Notification Letter") from the Listing Qualifications Department of the Nasdaq Stock Market (the Staff") notifying the Company that the $575,000.00 aggregate market value of the Company's outstanding public warrants, ticker symbol CLINW, as reported in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2023, was below the minimum aggregate market value of $1,000,000.00 required for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5452(b)(C) (the Rule"). Pursuant to Nasdaq rules, on July 28, 2023, the Company submitted a plan to the Staff to regain compliance with the Rule. On August 9, 2023, the Company received a notice from the Staff stating that it will grant the Company an extension to regain compliance with the Rule on or before December 11, 2023. While the Company continues to exercise diligent efforts to maintain the listing of its public warrants on Nasdaq, there can be no assurance that the Company will be able to regain compliance with the Rule on or before December 11, 2023. In the event that the Company fails to demonstrate compliance with the Rule during the extension period, the Staff will provide written notification to the Company that its public warrants will be delisted from the Nasdaq Capital Market (a Delisting Notice"). If the Company receives a Delisting Notice, the Company may appeal the Staff's determination to a Listing Qualifications Panel.공시 • Oct 13Alternus Energy Group plc (OB:ALT) entered into a business combination agreement to acquire Clean Earth Acquisitions Corp. (NasdaqGM:CLIN) from Clean Earth Acquisitions Sponsor LLC and others for approximately $890 million in a reverse merger transaction.Alternus Energy Group plc (OB:ALT) entered into a business combination agreement to acquire Clean Earth Acquisitions Corp. (NasdaqGM:CLIN) from Clean Earth Acquisitions Sponsor LLC and others for approximately $890 million in a reverse merger transaction on October 12, 2022. Under the agreement, at the closing, Alternus will transfer its equity ownership in substantially all its subsidiaries in exchange for up to 90 million newly issued shares in Clean Earth. Initially, Clean Earth will issue 55 million shares at closing (subject to a working capital adjustment capped at 1 million additional shares) plus up to 35 million shares subject to certain earn-out provisions, which will be deposited in escrow and will be released if certain EBITDA and share price targets are met. Alternus will own approximately 64% of Clean Earth at closing, assuming no redemptions by Clean Earth shareholders, in which case the combined company will have approximately $220 million of cash available at closing. The combined company is expected to have an initial equity value of approximately $863 million. On closing, Clean Earth intends to change its name to Alternus Clean Energy Inc. The combined company will be led by Vincent Browne, Chairman and Chief Executive Officer of Alternus, and the business will continue to operate as normal. The board of directors of combined company shall be comprised of seven directors at and immediately following the Closing, of which, three individuals shall be nominated by CLIN and four individuals shall be nominated by Alternus. Clean Earth and Alternus intend to arrange a committed capital on demand equity placement program of up $100 million, which can be called upon at the discretion of the combined company, and potentially other financing options ahead of completion of the business combination. Alternus shares will continue to trade on the Euronext Growth market in Oslo, while Clean Earth’s common stock is expected to continue to be listed on the Nasdaq Market. Alternus will be obligated to pay CLIN a termination fee of $2,000,000 if the Business Combination Agreement is terminated under certain circumstances. Closing is contingent on customary closing conditions for transactions of this nature, including Clean Earth shareholder approval; receipt of the HSR approval, if required; approval of a listing application on Nasdaq for newly issued shares; CLIN having at least $5,000,001 of net tangible assets remaining after giving effect to redemptions and a minimum of $25 million in cash being available at or before closing. Alternus may waive the minimum cash condition at its discretion. The Business Combination Agreement and the Transaction were approved by the board of directors of CLIN and the board of directors of Alternus. Clean Earth Acquisitions Sponsor LLC entered into a Sponsor Support Agreement, pursuant to which Sponsor has agreed to, among other things, vote all of its shares of common stock of CLIN in favor of the Transaction. The transaction is expected to close in the first quarter of 2023. JonesTrading Institutional Services acted as financial advisor to Clean Earth and supported Clean Earth in this Business Combination. Will Chuchawat of Proskauer Rose LLP acted as legal counsel to CLIN and Clean Earth Acquisitions Sponsor LLC. King & Spalding LLP acted as legal counsel to the financial advisor. Ross D. Carmel of Carmel, Milazzo & Feil LLP acted as legal counsel to Alternus in the transaction.주주 수익률CLINUS Capital MarketsUS 시장7D-16.8%-1.8%-2.7%1Y-50.3%7.7%22.5%전체 주주 수익률 보기수익률 대 산업: CLIN은 지난 1년 동안 7.7%의 수익을 기록한 US Capital Markets 산업보다 저조한 성과를 냈습니다.수익률 대 시장: CLIN은 지난 1년 동안 22.5%를 기록한 US 시장보다 저조한 성과를 냈습니다.주가 변동성Is CLIN's price volatile compared to industry and market?CLIN volatilityCLIN Average Weekly Movement17.1%Capital Markets Industry Average Movement3.6%Market Average Movement7.2%10% most volatile stocks in US Market16.6%10% least volatile stocks in US Market3.1%안정적인 주가: CLIN의 주가는 지난 3개월 동안 US 시장보다 변동성이 컸습니다.시간에 따른 변동성: CLIN의 주간 변동성은 지난 1년간 9%에서 17%로 증가했습니다.회사 소개설립직원 수CEO웹사이트2021n/aAaron Ratnercleanearthacquisitions.com더 보기Clean Earth Acquisitions Corp. 기초 지표 요약Clean Earth Acquisitions의 순이익과 매출은 시가총액과 어떻게 비교됩니까?CLIN 기초 통계시가총액US$83.52m순이익 (TTM)US$4.16m매출 (TTM)n/a20.1x주가수익비율(P/E)0.0x주가매출비율(P/S)CLIN는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표CLIN 손익계산서 (TTM)매출US$0매출원가US$0총이익US$0기타 비용-US$4.16m순이익US$4.16m최근 보고된 실적Sep 30, 2023다음 실적 발표일해당 없음주당순이익(EPS)0.25총이익률0.00%순이익률0.00%부채/자본 비율-36.5%CLIN의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/12/26 18:39종가2023/12/22 00:00수익2023/09/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Clean Earth Acquisitions Corp.는 0명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • Dec 26Clean Earth Acquisitions Corp.(NasdaqGM:CLIN) dropped from NASDAQ Composite IndexClean Earth Acquisitions Corp. has been dropped from NASDAQ Composite Index (^COMP) .
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$5.00, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 50% over the past year.
New Risk • Dec 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$83.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (US$83.2m market cap).
New Risk • Dec 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to US$6.88, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total loss to shareholders of 31% over the past year.
공시 • Nov 15Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider proposal to approve and adopt the Business Combination Agreement;to consider A proposal to amend and restate the Company's certificate of incorporation, dated February 23, 2022, as amended on May 26, 2023;and to consider Proposals to approve and adopt, on a non-binding advisory basis, certain governance provisions in the Proposed Charter, which are being presented separately in accordance with U.S. Securities and Exchange Commission (the SEC") guidance to give stockholders the opportunity to present their separate views on important corporate governance provisions, as five sub-proposals.
공시 • Dec 26Clean Earth Acquisitions Corp.(NasdaqGM:CLIN) dropped from NASDAQ Composite IndexClean Earth Acquisitions Corp. has been dropped from NASDAQ Composite Index (^COMP) .
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$5.00, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 50% over the past year.
New Risk • Dec 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$83.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (US$83.2m market cap).
New Risk • Dec 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$4.7m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to US$6.88, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 27x in the Capital Markets industry in the US. Total loss to shareholders of 31% over the past year.
공시 • Nov 15Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023Clean Earth Acquisitions Corp., Annual General Meeting, Dec 04, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider proposal to approve and adopt the Business Combination Agreement;to consider A proposal to amend and restate the Company's certificate of incorporation, dated February 23, 2022, as amended on May 26, 2023;and to consider Proposals to approve and adopt, on a non-binding advisory basis, certain governance provisions in the Proposed Charter, which are being presented separately in accordance with U.S. Securities and Exchange Commission (the SEC") guidance to give stockholders the opportunity to present their separate views on important corporate governance provisions, as five sub-proposals.
New Risk • Aug 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 290% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$3.6m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Large one-off items impacting financial results.
공시 • Aug 17Nasdaq Grants Extension to Clean Earth Acquisitions to Regain ComplianceAs previously disclosed, on June 13, 2023, Clean Earth Acquisitions Corp. (the Company") received a letter (the Notification Letter") from the Listing Qualifications Department of the Nasdaq Stock Market (the Staff") notifying the Company that the $575,000.00 aggregate market value of the Company's outstanding public warrants, ticker symbol CLINW, as reported in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2023, was below the minimum aggregate market value of $1,000,000.00 required for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5452(b)(C) (the Rule"). Pursuant to Nasdaq rules, on July 28, 2023, the Company submitted a plan to the Staff to regain compliance with the Rule. On August 9, 2023, the Company received a notice from the Staff stating that it will grant the Company an extension to regain compliance with the Rule on or before December 11, 2023. While the Company continues to exercise diligent efforts to maintain the listing of its public warrants on Nasdaq, there can be no assurance that the Company will be able to regain compliance with the Rule on or before December 11, 2023. In the event that the Company fails to demonstrate compliance with the Rule during the extension period, the Staff will provide written notification to the Company that its public warrants will be delisted from the Nasdaq Capital Market (a Delisting Notice"). If the Company receives a Delisting Notice, the Company may appeal the Staff's determination to a Listing Qualifications Panel.
공시 • Oct 13Alternus Energy Group plc (OB:ALT) entered into a business combination agreement to acquire Clean Earth Acquisitions Corp. (NasdaqGM:CLIN) from Clean Earth Acquisitions Sponsor LLC and others for approximately $890 million in a reverse merger transaction.Alternus Energy Group plc (OB:ALT) entered into a business combination agreement to acquire Clean Earth Acquisitions Corp. (NasdaqGM:CLIN) from Clean Earth Acquisitions Sponsor LLC and others for approximately $890 million in a reverse merger transaction on October 12, 2022. Under the agreement, at the closing, Alternus will transfer its equity ownership in substantially all its subsidiaries in exchange for up to 90 million newly issued shares in Clean Earth. Initially, Clean Earth will issue 55 million shares at closing (subject to a working capital adjustment capped at 1 million additional shares) plus up to 35 million shares subject to certain earn-out provisions, which will be deposited in escrow and will be released if certain EBITDA and share price targets are met. Alternus will own approximately 64% of Clean Earth at closing, assuming no redemptions by Clean Earth shareholders, in which case the combined company will have approximately $220 million of cash available at closing. The combined company is expected to have an initial equity value of approximately $863 million. On closing, Clean Earth intends to change its name to Alternus Clean Energy Inc. The combined company will be led by Vincent Browne, Chairman and Chief Executive Officer of Alternus, and the business will continue to operate as normal. The board of directors of combined company shall be comprised of seven directors at and immediately following the Closing, of which, three individuals shall be nominated by CLIN and four individuals shall be nominated by Alternus. Clean Earth and Alternus intend to arrange a committed capital on demand equity placement program of up $100 million, which can be called upon at the discretion of the combined company, and potentially other financing options ahead of completion of the business combination. Alternus shares will continue to trade on the Euronext Growth market in Oslo, while Clean Earth’s common stock is expected to continue to be listed on the Nasdaq Market. Alternus will be obligated to pay CLIN a termination fee of $2,000,000 if the Business Combination Agreement is terminated under certain circumstances. Closing is contingent on customary closing conditions for transactions of this nature, including Clean Earth shareholder approval; receipt of the HSR approval, if required; approval of a listing application on Nasdaq for newly issued shares; CLIN having at least $5,000,001 of net tangible assets remaining after giving effect to redemptions and a minimum of $25 million in cash being available at or before closing. Alternus may waive the minimum cash condition at its discretion. The Business Combination Agreement and the Transaction were approved by the board of directors of CLIN and the board of directors of Alternus. Clean Earth Acquisitions Sponsor LLC entered into a Sponsor Support Agreement, pursuant to which Sponsor has agreed to, among other things, vote all of its shares of common stock of CLIN in favor of the Transaction. The transaction is expected to close in the first quarter of 2023. JonesTrading Institutional Services acted as financial advisor to Clean Earth and supported Clean Earth in this Business Combination. Will Chuchawat of Proskauer Rose LLP acted as legal counsel to CLIN and Clean Earth Acquisitions Sponsor LLC. King & Spalding LLP acted as legal counsel to the financial advisor. Ross D. Carmel of Carmel, Milazzo & Feil LLP acted as legal counsel to Alternus in the transaction.
