Alternus Clean Energy /
LiiON
Alternus Clean Energy agrees to acquire LiiON assets
What happened
Alternus Clean Energy, Inc. signed binding terms with LiiON, LLC, a U.S.-based expert in advanced energy storage solutions. The asset purchase agreement covers LiiON’s customer contracts, service agreements and partnerships.
Alternus will pay $5 million in debt and equity consideration. Terms include a $2 million non-convertible loan note and 250,000 shares of common stock.
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Alternus Clean Energy agrees to acquire LiiON assets
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