Clean Earth Acquisitions Corp.

Clean Earth Acquisitions Corp.

CLIN

CLINClean Earth Acquisitions Corp. US flag

NASDAQ Global Market

5.00

USD

-0.70

- -

83.52MMarket Cap

CIK

0001883984

ISIN

US1844931048

CUSIP

184493104

Return %

Stock

S&P500

1Y

-50.69

26.53

3Y

-49.19

76.60

5Y

-49.19

80.11

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Capital Structure

FRC

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in mil. unless spec.

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO: Aaron Tibor Ratner
Sector: Financial Services
Industry: Shell Companies
Address: Building R Bee Cave TX United States of America 78738
IPO Date: Apr 20, 2022
CIK: 0001883984
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Business: Clean Earth Acquisitions Corp. Clean Earth Acquisitions Corp. (NASDAQ:CLIN) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations; it pursues mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations targeting companies in the clean energy ecosystem, including carbon capture, hydrogen production, sustainable agriculture, and renewable energy technologies such as solar power generation and storage. Incorporated in 2021 and headquartered at 12600 Hill Country Blvd, Building R, Suite 275, Bee Cave, Texas 78738, the company focuses on businesses facilitating the global energy transition by reducing greenhouse gas emissions across production, storage, transmission, distribution, and consumption segments. It serves investors and targets operators in North America and Europe, with an emphasis on scalable clean energy independent power producers (IPPs). In December 2023, Clean Earth Acquisitions Corp. completed a reverse merger business combination with Alternus Energy Group Plc (OSE: ALT), acquiring substantially all of Alternus' subsidiaries in a transaction valued at approximately $992 million, including 168 megawatts of operational solar assets, 98 megawatts under construction, over 300 megawatts in development, and a 1 gigawatt acquisition pipeline; post-combination, the entity operates as Alternus Clean Energy Inc. (NASDAQ: ALCE), with Alternus holding majority ownership and shares commencing trading under the new ticker. The deal, approved by Clean Earth shareholders on December 4, 2023, included earnout provisions tied to adjusted EBITDA milestones through 2025 and share price targets, alongside a committed equity placement program of up to $100 million. As of late 2025, the combined company faces Nasdaq compliance challenges, including a delisting notice for minimum bid price requirements and plans for a reverse stock split of 1-for-10 to 1-for-50, while pursuing growth in distributed energy microgrids via a joint venture with Hover Energy LLC featuring nearly 60 megawatts in pipeline projects.

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