AltEnergy Acquisition Corp.
AEAEU
Other OTC4.50
USD
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AltEnergy Acquisition Corp.
AEAEU
(Other OTC)
Recent
price
4.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- AltEnergy Acquisition Corp. (NASDAQ: AEAEU) is a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, primarily targeting the alternative energy sector including renewable energy technologies and clean infrastructure globally. Incorporated in 2021 and headquartered in New York, New York, the company leverages the expertise of its sponsor, AltEnergy LLC, which has invested in biofuels, renewable power generation, demand response software, transmission infrastructure and energy storage; it seeks targets with enterprise values of $400 million to $1 billion that benefit from public market access and operational support from its management team led by CEO and Chairman Russell Stidolph. The company's securities, including units, Class A common stock (AEAE) and warrants (AEAEW), trade on the OTC Pink Open Market following its initial public offering in October 2021, which raised $230 million held largely in trust at over 102% of IPO proceeds. In a recent development, stockholders approved an extension of the business combination deadline from May 2, 2025, to May 1, 2026, during a special meeting on April 23, 2025, with approximately 89.9% shares represented and 221,949 shares redeemed; previously, a definitive merger agreement announced in February 2024 with Car Tech LLC, a stamped auto-body parts manufacturer, was terminated in June 2025, prompting ongoing pursuit of alternative targets. The company recently changed auditors to CBIZ CPAs P.C. after Marcum LLP's resignation due to an acquisition, amid identified material weaknesses in financial reporting and restatements, while maintaining a focus on energy transition opportunities despite challenging market conditions for SPACs.