AltEnergy Acquisition Corp. is a newly incorporated blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more businesses, which we refer to throughout this Annual Report on Form 10-K as our initial business combination. While we may pursue an initial business combination in any industry, we intend to focus our efforts on businesses that leverage our management team’s experience in acquiring and operating businesses that are involved in renewable energy or related clean technology, which we refer to as the alternative energy sector. We intend to focus on the significant opportunities we believe will result from the ongoing transformation of the energy ecosystem and the macro trends related to electrification and decarbonization – global changes which Bloomberg Energy Finance (BNEF) projects will require an investment of between $78-$130 trillion through 2050. Specifically, we believe that select companies will represent opportunities stemming from these vast capital flows, and the best of these companies will provide exceptional high-growth investment opportunities. We have reviewed, and continue to review, a number of opportunities to enter into a business combination, but we are not able to determine at this time whether we will complete a business combination with any of the target businesses that we have reviewed or with any other target business. We also have neither engaged in any operations nor generated any revenue to date. Based on our business activities, the Company is a “shell company” as defined under the Exchange Act of 1934 (the “Exchange Act”) because we have no operations and nominal assets consisting almost entirely of cash.
Company profile
Ticker
AEAE, AEAEU, AEAEW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
862157013
AEAE stock data
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
22 Apr 24
10-K
2023 FY
Annual report
16 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
DEFR14A
Revised proxy
28 Mar 24
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
27 Mar 24
DEF 14A
Definitive proxy
27 Mar 24
PRER14A
Preliminary revised proxy
20 Mar 24
Latest ownership filings
SC 13G
CALAMOS INVESTMENT TRUST/IL
14 Feb 24
SC 13G/A
PERISCOPE CAPITAL INC.
9 Feb 24
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
7 Feb 24
SC 13G
Harraden Circle Investments, LLC
31 Jan 24
SC 13G/A
AMERICAN FINANCIAL GROUP INC
26 Jan 24
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
19 Jan 24
SC 13G
Harraden Circle Investments, LLC
7 Nov 23
SC 13G
AMERICAN FINANCIAL GROUP INC
12 May 23
SC 13D/A
AltEnergy Acquisition Sponsor LLC
5 May 23
4
Russell Monoki Stidolph
1 May 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Operating income | |||
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Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 79.41 k | 79.41 k | 79.41 k | 79.41 k | 79.41 k | 79.41 k |
Cash burn (monthly) | (no burn) | 11.34 k | 263.27 k | (no burn) | (no burn) | 156.09 k |
Cash used (since last report) | n/a | 77.28 k | 1.79 mm | n/a | n/a | 1.06 mm |
Cash remaining | n/a | 2.13 k | -1.71 mm | n/a | n/a | -984.45 k |
Runway (months of cash) | n/a | 0.2 | -6.5 | n/a | n/a | -6.3 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 44 |
Opened positions | 0 |
Closed positions | 4 |
Increased positions | 3 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 1.01 bn |
Total shares | 13.35 mm |
Total puts | 0.00 |
Total calls | 252.37 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AltEnergy Acquisition Sponsor | 5.75 mm | $59.00 mm |
Periscope Capital | 924.19 k | $65.64 mm |
Calamos Advisors | 750.00 k | $52.84 mm |
Kepos Capital | 745.95 k | $53.00 k |
Shaolin Capital Management | 700.00 k | $52.00 k |
Adage Capital Partners GP, L.L.C. | 600.00 k | $44.34 mm |
Castle Creek Arbitrage | 450.20 k | $31.74 mm |
EHP Funds | 332.14 k | $23.40 mm |
Radcliffe Capital Management | 300.00 k | $21.14 mm |
GS Goldman Sachs | 299.81 k | $15.56 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Apr 23 | Russell Monoki Stidolph | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 5,500,000 | 0.00 | 5,500,000 |
28 Apr 23 | Russell Monoki Stidolph | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 5,500,000 | 0.00 | 1 |