AltEnergy Acquisition AEAE

AltEnergy Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company has not engaged in any operations or generated any revenue to date. It is currently seeking to complete an initial business combination with Car Tech, LLC, an Alabama limited liability company, as outlined in the Amended and Restated Merger Agreement filed in February 2025.

AltEnergy Acquisition Corp does not generate revenue from the sale of products or services. Its primary source of funds comes from the proceeds of its initial public offering and private placement of warrants, which are held in a trust account intended to finance a future business combination. The company’s financial resources are designed to support the identification, negotiation, and completion of a merger with a target operating business.

The company operates through the following segments:

• Car Tech: This segment represents the target business that AltEnergy Acquisition Corp intends to acquire through the Merger Agreement. Car Tech, LLC is an Alabama limited liability company engaged in the automotive technology sector, with operations focused on vehicle electronics and related components. Upon completion of the merger, Car Tech will become a wholly-owned subsidiary of AltEnergy Acquisition Corp and will operate under the expected new name New Car Tech. The business includes material properties, leases, and contracts related to its manufacturing and distribution activities.

AltEnergy Acquisition Corp operates in the highly competitive special purpose acquisition company (SPAC) industry, where firms raise capital through public offerings to acquire private companies and take them public. The company faces competition from numerous other blank check companies seeking similar target businesses, particularly in the automotive and technology sectors. Its competitive position depends on its ability to identify and complete a value-accretive business combination within the extended timeframe allowed by its charter and shareholder approvals.

As a blank check company with no ongoing operations, AltEnergy Acquisition Corp does not serve customers in the traditional sense. Its stakeholders include public shareholders who participated in its initial public offering, private placement warrant holders, and the Sponsor, B. Riley Principal Investments, LLC. Upon completion of the proposed merger with Car Tech, the combined entity is expected to serve customers in the automotive technology market, though specific customer names are not disclosed in the current filing.