AltEnergy Acquisition Wants 6 More Months to Merge with a Renewable Energy Company

AltEnergy Acquisition, which is focused on businesses that are involved in renewable energy or related clean technology, said in a proxy it will ask shareholders to vote on pushing back the deadline for a deal until November. The current termination date is May 2, when the SPAC will liquidate if the extension vote fails.

The preliminary proxy does not include a per-share redemption price for stockholders who decide to cash out.

Altenergy raised $230 million in a November 2021 IPO. Read more.

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