ALCE's 1-for-2,500 reverse split leaves approximately 290 shares outstanding as Alternus targets national exchange listing
In focus for $ALCE: a 1-for-2,500 reverse stock split that became effective at 12:01 a.m. Eastern on August 20, 2026, compressing Alternus Clean Energy's (OTC: ALCE, ACLEW) shares outstanding from approximately 724,658 to approximately 290. The split's stated goal is meeting the minimum bid price requirement for listing on a national securities exchange. The next confirmable milestone is completion of a committed $10 million PIPE investment, which Chief Executive Vincent Browne said depends on that uplisting.
Key takeaways
- Alternus Clean Energy's (OTC: ALCE) 1-for-2,500 reverse stock split became effective at 12:01 a.m. Eastern on August 20, 2026, reducing shares outstanding from approximately 724,658 to approximately 290.
- The split's stated goal is to meet the minimum bid price requirement for listing on a national securities exchange.
- Post-split the stock trades under the temporary symbol "ALCED" on OTC Markets for twenty trading days before moving to the permanent symbol "ADIS," with a new CUSIP of 02157G 408.
- CEO Vincent Browne said completion of a committed $10 million PIPE investment depends on the uplisting.
- The action was approved by Alternus's board and by holders of a majority of outstanding voting stock via written consent, with a Schedule 14C filed with the SEC on August 3, 2026.
In focus for $ALCE: a 1-for-2,500 reverse stock split that became effective at 12:01 a.m. Eastern on August 20, 2026, compressing Alternus Clean Energy's (OTC: ALCE, ACLEW) shares outstanding from approximately 724,658 to approximately 290. The split's stated goal is meeting the minimum bid price requirement for listing on a national securities exchange. The next confirmable milestone is completion of a committed $10 million PIPE investment, which Chief Executive Vincent Browne said depends on that uplisting.
The action was approved by Alternus's board and by holders of a majority of the company's outstanding voting stock by written consent under Sections 228 and 242 of the Delaware General Corporation Law. A Schedule 14C was filed with the SEC on August 3, 2026. Stockholders who end up holding a fractional position after the combination will receive a cash payment calculated against the closing price on the last trading day before the effective date.
The numbers
Every 2,500 shares of issued and outstanding common stock converted into one share at the 12:01 a.m. effective time. Par value stays at $0.0001. Total authorized shares are unchanged. Post-split, the stock trades under the temporary symbol "ALCED" on OTC Markets for twenty trading days, then moves to the permanent symbol "ADIS." A new CUSIP, 02157G 408, has been assigned. Equiniti Trust Company, LLC is the transfer agent handling post-split share-ownership records and can be reached at (833) 656-0637.
What to watch
Browne attributed the action to what he described as a period of refocusing the business and significantly strengthening the balance sheet, and said the uplisting would allow the company to attract institutional and long-term shareholders alongside closing the $10 million PIPE. He also pointed to EverOn Energy LLC, a 51%-owned Alternus joint venture with Hover Energy LLC, which is developing Wind Powered Microgrids for large corporate clients across the United States and the United Kingdom. Browne said EverOn expects to announce its first UK clients shortly.
With approximately 290 shares outstanding post-split, the tape's practical next question is confirmation from the Depository Trust Company and FINRA. The symbol switch from "ALCED" to "ADIS" follows after twenty trading days. Full terms are in the Schedule 14C on file at the SEC, dated August 3, 2026.
Related reading
Filed by the newsroom of MarketPR on August 20, 2026. Source: sec.gov. Indicative figures are not investment advice.