Logo

AEAEW

AltEnergy Acquisition Corp.

AEAEW

AltEnergy Acquisition Corp. • NASDAQ
$0.07 ▲ 40.00% (+0.02)
Market Cap $392583
52w High $0.07
52w Low $0.05
Dividend Yield 0%
P/E 0
Volume 20.20K
Outstanding Shares 5.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $308.835K ▼ $-380.642K ▲ 0% $-0.06 ▲ $0 ▲
Q2-2025 $0 $402.684K ▼ $-634.525K ▲ 0% $-0.1 ▲ $-574.292K ▲
Q1-2025 $0 $411.217K ▲ $-1.143M ▼ 0% $-0.18 ▼ $-1.067M ▼
Q4-2024 $0 $28.253K ▼ $-577K ▲ 0% $-0.09 ▲ $-502.33K ▲
Q3-2024 $0 $318.833K $-692K 0% $-0.11 $-653.739K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.907K ▼ $6.303M ▲ $18.562M ▲ $-12.259M ▼
Q2-2025 $16.825K ▲ $6.262M ▼ $18.14M ▲ $-11.878M ▼
Q1-2025 $13.654K ▼ $8.791M ▲ $17.404M ▲ $-8.614M ▼
Q4-2024 $18.458K ▼ $8.745M ▼ $16.215M ▲ $-7.47M ▼
Q3-2024 $86.32K $8.758M $15.651M $-6.893M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-381.134K ▲ $-203.989K ▲ $9.581K ▼ $179.49K ▲ $-14.918K ▼ $-203.989K ▲
Q2-2025 $-634.525K ▲ $-320.613K ▼ $2.614M ▲ $-2.29M ▼ $3.171K ▲ $-320.613K ▼
Q1-2025 $-1.143M ▼ $-292.137K ▲ $255 ▼ $287.078K ▲ $-4.804K ▲ $-292.137K ▲
Q4-2024 $-576.938K ▲ $-383.496K ▲ $46.999K ▲ $268.635K ▼ $-67.862K ▼ $-383.496K ▲
Q3-2024 $-691.836K $-552.951K $33.742K $465.878K $-53.331K $-552.949K

Five-Year Company Overview

Income Statement

Income Statement AltEnergy is still a shell company with no real operating business, so its income statement is driven by deal costs, administrative expenses, and small financing or accounting items rather than normal revenue and profit. There is effectively no sales activity, and past earnings per share swings mainly reflect one‑off items and SPAC accounting, not an underlying business trend. Until a new merger target is secured and closed, the income statement will remain largely a function of SPAC overhead and transaction-related charges, not ongoing operations.

Balance Sheet

Balance Sheet The balance sheet is very small and has been shrinking over time, with equity slipping from modestly positive to slightly negative. There is no meaningful debt, but there is also no substantial asset base left at the SPAC level in this summary, which suggests limited financial flexibility outside any cash held in trust or sponsor support. The erosion of equity reflects the costs of staying public and pursuing a deal without having an operating company attached. If no business combination is completed before the deadline, the structure and remaining capital will be key issues to monitor.

Cash Flow

Cash Flow Reported cash flow is essentially flat, with no operating, investing, or capital spending activity from a real business. In practice, SPACs like this rely on their trust account and small amounts of working cash to pay ongoing expenses while they search for a target. Because there is no revenue, any outflows related to legal, advisory, and listing costs steadily chip away at the residual value. The cash flow profile will only become meaningful once a business combination closes and a real operating company’s cash generation and investment needs show up in the numbers.

Competitive Edge

Competitive Edge As of now, AltEnergy has no products, customers, or market share; its only role is as a capital-raising vehicle looking for a merger partner in the alternative energy or adjacent space. Its competitive position therefore depends on its ability to attract a high-quality target versus other SPACs and private capital sources. The recent collapse of the Car Tech deal and the related dispute introduce uncertainty and may make it harder to persuade another target company to merge, at least until the situation is clarified. Time pressure from the extended deadline and a crowded market for SPAC capital are additional headwinds to its bargaining power.

Innovation and R&D

Innovation and R&D AltEnergy itself has no in‑house research, patents, or technology portfolio. All of the prior excitement around innovation was tied to the now-terminated Car Tech merger, including advanced auto components and electric-vehicle related parts. With that deal effectively off the table and under dispute, those innovations can no longer be treated as part of AltEnergy’s profile. Future innovation and R&D will entirely depend on whatever operating company, if any, AltEnergy is eventually able to merge with; until then, there is nothing substantive to evaluate on this front.

Summary

AltEnergy Acquisition Corp. is currently a non-operating SPAC in limbo after its planned merger with Car Tech fell apart. Its financial statements reflect this: no revenue, a thin and gradually eroding equity base, and no meaningful cash flow or investment activity. The core risk is binary and structural: either the company manages to find and close a new business combination before its extended deadline, or it fails to do so and must unwind according to SPAC rules. For now, there is no underlying business performance to analyze, and the outlook for AEAEW warrants is tied almost entirely to the SPAC’s ability to secure a credible new target and resolve or contain the fallout from the terminated Car Tech transaction.