Alussa Energy Acquisition Corp II (NYSE: ALUB) is a special purpose acquisition company (SPAC) that raised capital through an initial public offering to acquire a business in the energy and power infrastructure sector. The company generates no operating revenue. Its capital sits in a Trust Account pending an initial Business Combination, with a redemption price of approximately $10.05 per Public Share as of December 31, 2025. ALUB targets companies in energy and power infrastructure, with a focus on sub-sectors tied to the transition toward renewable energy sources. The management team, led by CEO Ole Slorer, previously oversaw Alussa Energy Acquisition Corp (Alussa I), which completed a $288 million IPO in 2019 and merged with T1 Energy (NYSE: TE) in 2021, delivering over $700 million in gross proceeds including a $600 million committed equity PIPE. ALUB is listed on the NYSE and had 28,750,000 Class A Ordinary Shares subject to possible redemption as of December 31, 2025.

Revenue model

ALUB has no operating revenue. Capital raised in its IPO is held in a Trust Account and earns investment income pending an initial Business Combination. The company reimburses an affiliate of its Sponsor $5,000 per month for office space, utilities, and administrative support under an Administrative Support Agreement.

Products and services

SPAC structure offering Class A Ordinary Shares and Public Warrants sold as Units in the IPO. No commercial products or services.

Customers and end markets

Target acquisition sectors are energy and power infrastructure, with emphasis on renewable energy transition sub-sectors. Public Shareholders hold Class A Ordinary Shares subject to redemption.

Value-chain role

Blank-check acquisition vehicle. Raises public capital, holds it in trust, and deploys it via a single business combination with a private operating company to facilitate a public listing.

Geographic exposure

Incorporated and listed in the United States (NYSE). Management team has background in global energy, oilfield services, and offshore markets. No operating geographic footprint disclosed as of the FY2025 10-K filing.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks