Alternative Liquidity Index LP, managed by Alternative Liquidity Capital made an offer to acquire 5.05% stake in alpha-En Corporation (OTCPK:ALPE) for $0.02 million on January 28, 2022. Under the terms of the offer, Alternative Liquidity Index LP is offering to purchase for cash up 2,000,000 shares of alpha-En Corporation at a price of $0.01 per share. The purchaser anticipates funding all of the purchase price and related expenses through their existing capital and assets. The transaction is subject to customary closing conditions. The Offer will expire on March 8, 2022. The transaction is expected to close on March 11, 2022. As of March 8, 2022, the offer is extended to March 25, 2022. As of March 15, 2022, Alpha-En Corporation recommends that shareholders do not accept the Offer because the valuation based on the Offer price is less than the value of Alpha-En's assets.

Alternative Liquidity Index LP, managed by Alternative Liquidity Capital completed the acquisition of 0.000631% stake in alpha-En Corporation (OTCPK:ALPE) for $3 on March 25, 2022. The Offer expired on March 25, 2022. The Offer resulted in the tender by shareholders and acceptance for payment by Alternative Liquidity Capital of a total of 250 shares.