SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Oct 5, 2023

2. SEC Identification Number

CS200909233

3. BIR Tax Identification No.

007-315-916

4. Exact name of issuer as specified in its charter

ALTERNERGY HOLDINGS CORPORATION

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Level 3B, 111 Paseo de Roxas Building, Paseo de Roxas Avenue corner Legazpi Street, Legaspi Village, Makati City Postal Code 1229

8. Issuer's telephone number, including area code

+632 8813 4678

9. Former name or former address, if changed since last report

NA

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	3,933,840,480
Preferred	370,398,637

11. Indicate the item numbers reported herein

Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Alternergy Holdings CorporationALTER

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
The Board of Directors of Alternergy Holdings Corporation ("ALTER") approves to re-allocate the IPO Proceeds intended for the Offshore Wind and Lamut Hydro Projects to the Tanay Onshore Wind and Alabat Onshore Wind Projects during the meeting held on 05 October 2023.
Background/Description of the Disclosure
At the Regular Meeting of the Board of Directors of Alternergy Holdings Corporation (“ALTER”) held today, 05 October 2023, the Board of Directors approved the reallocation on the planned use of proceeds from the initial public offering (the “IPO proceeds”). Specifically, a portion of the IPO proceeds in the aggregate amount of PhP143 million originally intended for the development of the Offshore Wind Projects (in the amount of PhP55 million) and the Lamut Hydro Project (in the amount of PhP88 million) will be reallocated and used for the development of the Tanay and Alabat Onshore Wind Projects, which have both qualified under the recent Green Energy Auction - 2 of the Department of Energy. After the re-allocation on the use of the IPO proceeds, the total IPO proceeds to be used for the development of the Lamut Hydro Project and the Offshore Wind Projects are nil and PhP5 million, respectively, while the Tanay Wind Project and Alabat Wind Project will have PhP113 million and PhP100 million, respectively.
Other Relevant Information
Please see attached executed SEC Form 17-C dated 05 October 2023 as regards the foregoing matter.