🍀🍀🍀 ALTERNUS: MERGER, NASDAQ, INFLATION REDUCTION ACT
Important relevant information for you: 1) Last month (April 19) we announced a revised version of our Business Combination Agreement (“BCA”) which we believe: (a) values Alternus more in line with its Nasdaq peers and general equity market conditions, and (b) ) improves the potential for better post-merger trading. Although the valuation is lower - we are confident that Alternus' growth prospects remain extraordinary...in fact, better than before based on Alternus' improved operating plan. The revised financial forecast reflects Alternus' intention to accelerate growth by focusing on its rapidly growing portfolio of larger 'build-ready' projects in the US, and by ramping up investments earlier in the project development life cycle that deliver more value to shareholders as project costs are much lower from this strategy.