Alternus Energy Group Plc, a Transatlantic renewable energy developer and operator, announces the filing by Clean Earth Acquisitions Corp., a publicly traded special purpose acquisition company, of a Proxy Statement with the U.S. Securities and Exchange Commission (“SEC”) relating to the previously announced proposed business combination of Alternus and Clean Earth (the “Proposed Business Combination”).
The Proxy Statement includes a preliminary proxy statement with respect to Clean Earth’s stockholder meeting to vote on the Proposed Business Combination. Although the Proxy Statement is subject to change, it provides important information about Alternus and Clean Earth as well as the Proposed Business Combination.
Closing is contingent on customary closing conditions for transactions of this nature, including Clean Earth shareholder approval following filing of the Proxy Statement, approval for listing on Nasdaq, 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 transaction is expected to close in the second quarter of 2023.
