AltEnergy Acquisition Corp (OTC Pink: AEAE) is a blank check special purpose acquisition company that was formed to identify and complete a merger or business combination with a target company. The company holds capital in a trust account and generates no operating revenue. As of its 10-K filed March 18, 2026, the company had pursued a merger target under an Amended and Restated Agreement and Plan of Merger with Car Tech, LLC, dated February 14, 2025. The company was incorporated in 2021 and its securities were originally listed on the Nasdaq Global Market before transferring to the OTC Pink Open Market following non-compliance with Nasdaq Listing Rule 5450(b)(2)(C) related to Market Value of Publicly Held Shares, as disclosed in a Form 8-K on May 13, 2024. Russell Stidolph, founder of private equity firm AltEnergy, LLC, has served as CEO and Chairman since inception. The company carries stockholders' deficit on its balance sheet as of December 31, 2025.

Revenue model

No operating revenue. Capital raised in an IPO is held in a trust account. The SPAC structure generates no income from products or services; returns to shareholders depend entirely on completing a qualifying business combination.

Products and services

Blank check company with no commercial products or services. The sole activity is sourcing, evaluating, and executing a business combination. A merger agreement with Car Tech, LLC was entered into as of February 14, 2025.

Customers and end markets

No commercial customers. End market exposure depends on the target acquisition. The proposed merger target is Car Tech, LLC, as disclosed in filings dated February 14, 2025.

Value-chain role

SPAC sponsor vehicle. Raises public capital, holds funds in trust, and acts as acquirer in a business combination transaction.

Geographic exposure

Incorporated in the United States. No disclosed operating geographic footprint as of the 10-K filed March 18, 2026.

Source: SEC 10-K, filed 2026-03-18

Industry: Motor Vehicle Parts & Accessories