NEW YORK, Dec. 13, 2021 /PRNewswire/ -- AltEnergy
Acquisition Corp.. (the "Company") (NASDAQ: AEAEU, AEAE, AEAEW), a
special purpose acquisition company sponsored by AltEnergy, LLC,
today announced that, commencing December
13, 2021, the holders of the Company's units (the "Units")
may elect to separately trade the shares of Class A common stock
(the "Common Stock") and warrants (the "Warrants") included in the
Units.
The Common Stock and Warrants resulting from the unit separation
will trade on The Nasdaq Global Market ("Nasdaq") under the symbols
"AEAE" and "AEAEW", respectively. Units that are not separated will
continue to trade on the Nasdaq under the symbol "AEAEU". No
fractional Warrants will be issued upon separation of the Units and
only whole Warrants will trade. Holders of Units will need to have
their brokers contact Continental Stock Transfer & Trust
Company, the Company's transfer agent, in order to separate the
Units into Common Stock and Warrants.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering of the Units was made only by means of a
prospectus, copies of which may be obtained from B. Riley
Securities, Inc. at 299 Park Avenue, New
York, New York 10171, by telephone at (800) 846-5050 or by
email at prospectuses@brileyfin.com.
About AltEnergy Acquisition Corp..
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 prospectus as our initial business combination. We
have not selected any business combination targets, and we have
not, nor has anyone on our behalf, initiated any substantive
discussions, directly or indirectly, with any potential business
combination targets.
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. 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. Visit
https://altenergyacquisition.com for more information.
About AltEnergy LLC
Founded by Russell Stidolph in 2006 AltEnergy, LLC
("AltEnergy") is focused solely on making investments in the
alternative energy sector. Mr. Stidolph has over two-decades of
experience investing in and building businesses which span private
companies in biofuels (Hawkeye Renewables), renewable power
generation (Iowa Winds, American Heartland Wind, Broadview Energy),
demand response software (Viridity), transmission infrastructure
(Anbaric Power, Tres Amigas, Western Interconnect), and energy
storage technology (Eos Energy Storage, now Eos Energy Enterprises,
Inc., NASDAQ: EOSE). Mr. Stidolph is supported at AltEnergy by
Arul Gupta and Jonathan Darnell, both Managing Directors.
Darnell and Gupta have worked with Mr. Stidolph since 2005 and
2011, respectively.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the initial public offering and search for an initial business
combination. No assurance can be given that the proceeds of the
offering will be used as indicated. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
prospectus for the initial public offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
View original
content:https://www.prnewswire.com/news-releases/altenergy-acquisition-corp-announces-separate-trading-of-its-common-stock-and-warrants-commencing-december-13-2021-301442836.html
SOURCE AltEnergy