AltEnergy Acquisition is a company created by AltEnergy, to enable a future acquisition, merger or reorganization.
The company has just completed its 1st public offering on the Nasdaq.
AltEnergy issues 23 million shares at $10
AltEnergy Acquisition issued 23 million units.
The offer price was $10 per unit, for gross proceeds of $230 million.
The units, listed on the NASDAQ Global Market, had been trading since October 29, 2021, under the symbol “AEAEU”.
Each $10 unit consists of two parts.
One is a share of Class A common stock; the other is a redeemable half-warrant.
Two half-warrants form one warrant, which can be used to purchase one common share at a price of $11.50.
AEAE and AEEAW
Upon separation of the units, the Class A common shares will be listed on NASDAQ under the symbol “AEAE”.
The warrants will be listed under the symbol “AEEAW”.
After the separation of the units, only whole warrants will be traded, excluding half-warrants.
On November 2, 2021, AltEnergy Acquisition closed a private sale of 12 million private placement warrants at $1 per warrant.
The offer to purchase is being made solely by means of a prospectus.
B. Riley Securities, Inc. is the sole book-running manager for the offering.
AltEnergy focuses on investments in renewable energies.
