AltEnergy Acquisition filed swith the SEc to offer 20 million units at $10 each. A unit consists of one share of Class A common stock and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 for a share.
The new SPAC intends to target businesses that are involved in renewable energy or related clean technology.
AltEnergy Acquisition is led by CEO and Chairman Russell Stidolph, who was chairman of Eos Energy Storage until the closing of its business combination with BMRG.
B. Riley is sole book-running manager. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any.
AltEnergy has applied to list on the Nasdaq under AEAEU. Read more.
