AltEnergy Acquisition Corp SEC 10-Q Report

AltEnergy Acquisition Corp, a company focused on identifying and merging with businesses in the alternative energy sector, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial performance and ongoing business activities, highlighting both the challenges and strategic efforts in its pursuit of a successful business combination. Financial Highlights AltEnergy Acquisition Corp reported the following key financial metrics for the three and nine months ended September 30, 2025:Net loss: $(380,642) for the three months ended September 30, 2025, a decrease from the previous year's loss of $(691,836).Net loss: $(2,158,659) for the nine months ended September 30, 2025, compared to $(2,120,903) for the same period in 2024, indicating a slight increase in losses year-over-year.Basic and diluted net loss per share of Class A common stock: $(0.06) for the three months ended September 30, 2025, compared to $(0.11) for the same period in 2024, showing an improvement in per-share loss.Basic and diluted net loss per share of Class A common stock: $(0.34) for the nine months ended September 30, 2025, compared to $(0.31) for the same period in 2024, indicating a slight increase in per-share loss.Basic and diluted net loss per share of Class B common stock: $(0.06) for the three months ended September 30, 2025, compared to $(0.11) for the same period in 2024.Basic and diluted net loss per share of Class B common stock: $(0.34) for the nine months ended September 30, 2025, compared to $(0.31) for the same period in 2024. Business Highlights AltEnergy Acquisition Corp's business activities and strategic efforts during the third quarter of 2025 include:Business Combination Efforts: The company continues to seek a business combination following the termination of its merger agreement with Car Tech, LLC. AltEnergy is actively pursuing other potential targets to complete an initial business combination.Nasdaq Delisting and Trading: The company was delisted from Nasdaq due to not completing a business combination within the required timeframe. Its securities are now traded over-the-counter, which may impact liquidity and investor perception.Extension of Business Combination Deadline: The company has extended the deadline for completing a business combination multiple times, with the current deadline set for May 1, 2026. This extension provides additional time to identify and finalize a suitable business combination.Non-Redemption Agreements: AltEnergy entered into agreements with certain stockholders to not redeem their shares, which helps maintain the necessary capital structure to pursue a business combination.Operational Status: As of September 30, 2025, AltEnergy has not commenced any operations and is focused on identifying a target for a business combination. The company will not generate operating revenues until after completing a business combination.Future Outlook: Management has expressed concerns about the company's ability to continue as a going concern if a business combination is not completed by the extended deadline. The company is exploring all options to ensure its operational viability.SEC Filing: AltEnergy Acquisition Corp [ AEAE ] - 10-Q - Nov. 12, 2025