Clean Earth And Alternus Energy Announce Continuation Of Business Combination Close Process
Clean Earth Acquisition Corp. (NASDAQ:CLIN) ("Clean Earth" or the "Company"), announced today that the conditions to closing the business combination (the "Business Combination") between Clean Earth and Alternus Energy Group Plc, a public limited company incorporated under the laws of Ireland, (OSE: ALT, "Alternus") have not yet been satisfied and the business combination has not closed, as described in the definitive proxy statement/prospectus filed by the Company with the SEC on November 14, 2023 (the "Proxy Statement/Prospectus"). The parties are working together to expeditiously satisfy such closing conditions, including obtaining the approval of Nasdaq to list the post-combination company's common stock following the closing of the business combination. There can be no assurance that the business combination will be consummated within the time period required by Clean Earth's governing documents, which currently provide that Clean Earth must consummate its initial consummation by May 28, 2024.