Renaissance Capital logo

Alternus Clean Energy (Clean Earth Acquisitions) Priced, Nasdaq: ALCE

Blank check company targeting the clean and renewable energy industry (completed 12/22/2023).

Industry: SPAC

Latest Trade: $0.05 +0.01 (+12.5%)

First Day Return: 0.0%

Return from IPO: -99.6%

We are a newly organized blank check company. While our efforts to identify a prospective target business will not necessarily be limited to a particular industry, sector or region, we intend to capitalize on the expertise of our management team, board and advisors in the clean and renewable energy industry. Our goal is to identify and pursue businesses that participate in the global energy transition ecosystem that are facilitating the way that energy is produced, stored, transmitted, distributed and consumed, all while reducing or mitigating greenhouse gas emissions. We will focus on companies that serve key and evolving segments in the clean energy ecosystem, including those involved in carbon, hydrogen, sustainable agriculture, and renewable energy, which are becoming increasingly intertwined. Additional areas of focus will include, but not be limited to, energy storage, distributed energy, zero-emission transportation, carbon utilization, low or carbon-free industrial applications and sustainable manufacturing. We intend to target the growth-oriented subsectors of the clean and sustainable energy industry that present particularly attractive investment opportunities. We will have a global focus in our approach. We do not intend to acquire early-stage start-up companies, companies with speculative business plans or companies that are excessively leveraged.
IPO Data
IPO Date 02/23/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
JonesTrading
Company Data
Headquarters Bee Cave, TX, United States
Founded 2021
Employees at IPO 2

Alternus Clean Energy (Clean Earth Acquisitions) (ALCE) Performance

Created with Highcharts 10.3.2Chart context menuALCE vs. IPO Index (IPOUSA)Mar '22Mar …May '22Jul '22Sep '22Nov '22Jan '23Mar '23May '23Jul '23Sep '23Nov '23Jan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25May '25-100%-50%0%-150%+ 50%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexALCEOur ETF tracks the IPO Index