AltEnergy Acquisition priced its IPO of 20 million units. The offering was priced at $10 per unit.
The units start trading today on the Nasdaq under AEAEU. Each consists of one share of Class A common stock and one-half of a warrant.
After the units begin separate trading, shares and warrants are expected to list under AEAE and AEAEW.
The new SPAC intends to target businesses that are involved in renewable energy or related clean technology.
B. Riley is the sole book-running manager. The underwriter has the option to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
