Renaissance Capital logo

AltEnergy Acquisition Priced, Nasdaq: AEAE

Blank check company formed by AltEnergy LLC targeting the alternative energy sector (pending: Car Tech).

Industry: SPAC

Latest Trade: $11.20 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: +12.0%

Industry: SPAC

AltEnergy Acquisition Corp. is a newly incorporated blank check company. 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 -- global changes which Bloomberg Energy Finance (BNEF) projects will require an investment of between $78-$130 trillion through 2050. 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. Our Company is led by its founder, Chief Executive Officer and Chairman of the Board of Directors, Russell Stidolph. Mr. Stidolph has over two-decades of experience investing in and building businesses in the alternative energy sector. In 2000, he started the alternative energy practice at JH Whitney, a pioneer in private equity, founded in 1946. He founded AltEnergy, LLC in 2006 and has remained focused on the sector since, serving as Managing Director and Principal.
more less
IPO Data
IPO File Date 08/06/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/28/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
B. Riley Securities
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees 3
Website altenergyllc.com

AltEnergy Acquisition (AEAE) Performance