ALTENERGY ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF THE SPECIAL MEETING OF STOCKHOLDERS

Rhea-AI Summary

AltEnergy Acquisition Corp. has postponed its special meeting of stockholders, initially set for April 27, 2023, to April 28, 2023, at 12:00 p.m. Eastern Time. The meeting will discuss a proposal to extend the deadline for completing a merger or similar business combination from May 2, 2023, to May 2, 2024. The webcast can be accessed here. AltEnergy Acquisition Corp. focuses on the alternative energy sector and aims to capitalize on the ongoing transformation in energy ecosystems. A definitive proxy statement was filed on April 14, 2023, and stockholders are urged to review it for significant details related to the Special Meeting.

Positive

• Extension of merger deadline potentially allows better acquisition opportunities until May 2024.

Negative

• None.

NEW YORK, April 26, 2023 /PRNewswire/ -- AltEnergy Acquisition Corp. (Nasdaq: AEAEU, AEAE, AEAEW) (the "Company") announced today that its special meeting of stockholders (the "Special Meeting"), which was originally scheduled for Thursday, April 27, 2023, has been postponed to 12:00 p.m. Eastern Time, on Friday, April 28, 2023. At the Special Meeting, stockholders will be asked to vote on a proposal to extend the date from May 2, 2023, to May 2, 2024 by which the Company must consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.  

As a result of this change, the Special Meeting will now be held at 12:00 p.m., Eastern Time, on April 28, 2023, via a live webcast at https://www.cstproxy.com/altenergyacquisition/2023.

About AltEnergy Acquisition Corp.

AltEnergy Acquisition Corp. is a blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more businesses.

While we may pursue an initial business combination in any industry, we intend to focus our efforts on businesses that leverage our management team's experience in acquiring and operating businesses that are involved in renewable energy or related clean technology, which we refer to as the alternative energy sector. We intend to focus on the significant opportunities we believe will result from the ongoing transformation of the energy ecosystem and the macro trends related to electrification and decarbonization. Specifically, we believe that select companies will represent opportunities stemming from these vast capital flows, and the best of these companies will provide exceptional high-growth investment opportunities. Visit https://altenergyacquisition.com for more information.

Additional Information

The Company filed a definitive proxy statement relating to the Special Meeting on April 14, 2023, which was mailed to stockholders of the Company as of a record date of April 10, 2023. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT BECAUSE THIS DOCUMENT INCLUDES IMPORTANT INFORMATION REGARDING THE SPECIAL MEETING AND THE PROPSALS TO BE CONSIDERED PURSUANT THERETO. Stockholders may obtain a copy of the proxy statement without charge on the SEC's website at www.sec.gov.

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SOURCE AltEnergy Acquisition Corp.

FAQ

What is the new date and time for AltEnergy Acquisition Corp.'s Special Meeting?

The Special Meeting is now scheduled for April 28, 2023, at 12:00 p.m. Eastern Time.

What proposal will be discussed at the Special Meeting?

The meeting will address a proposal to extend the deadline to complete a merger from May 2, 2023 to May 2, 2024.

Where can I watch the AltEnergy Acquisition Corp. Special Meeting?

The Special Meeting will be available via a live webcast at https://www.cstproxy.com/altenergyacquisition/2023.

What is the significance of extending the merger deadline for AEAEU, AEAE, AEAEW?

Extending the merger deadline may provide the company more time to identify and secure a suitable business combination, potentially enhancing shareholder value.