Altenergy Acquisition Corp. Faces Dispute as Car Tech Terminates Merger Agreement
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AltEnergy Acquisition Corp. is in a dispute with Car Tech, LLC over the termination of their merger agreement. Car Tech notified AltEnergy on June 16, 2025, of the termination, citing Section 10.1(i) of the agreement. AltEnergy contested this termination on June 18, claiming that Car Tech's breaches of key representations and warranties contributed to the merger's failure to meet the deadline. AltEnergy has reserved the right to pursue remedies.
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