<span item_type="fundamental" item_id="f956c704e5ec6dd2999d2488d53c85e4" counter_id="ST/US/AEAE" env="prod"></span><span item_type="announcement" item_id="546898745014813825" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.1.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not commenced any operations and does not generate operating revenues. It generates non-operating income in the form of interest income on cash and cash equivalents from the net proceeds derived from the Initial Public Offering.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: For the three months ended June 30, 2025, the net loss was $634,525, compared to $169,187 for the same period in 2024. For the six months ended June 30, 2025, the net loss was $1,778,017, compared to $1,429,067 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li><li><strong>Total Expenses</strong>: For the three months ended June 30, 2025, total expenses were $512,247, compared to $985,611 for the same period in 2024. For the six months ended June 30, 2025, total expenses were $1,321,100, compared to $2,188,666 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the six months ended June 30, 2025, net cash used in operating activities was - $612,750, compared to - $828,695 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li><li><strong>Net Cash Provided by Investing Activities</strong>: For the six months ended June 30, 2025, net cash provided by investing activities was $2,614,535, compared to $9,553,608 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li><li><strong>Net Cash Used in Financing Activities</strong>: For the six months ended June 30, 2025, net cash used in financing activities was - $2,003,418, compared to - $8,660,236 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Derivative Warrant Liabilities</strong>: The change in fair value of warrant liabilities resulted in a loss of $134,550 for the three months ended June 30, 2025, and a loss of $483,600 for the six months ended June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company must complete a business combination by May 1, 2026, or it will cease operations, redeem public shares, and liquidate.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company continues to seek to consummate an initial business combination other than with Car Tech, following the termination of the merger agreement with Car Tech.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852016/000119312525175376/d59292d10q.htm"></span></li></ul>

AltEnergy Acquisition | 10-Q: FY2025 Q2 EPS: USD -0.1