AltEnergy Acquisition, which is focused on businesses that are involved in renewable energy or related clean technology, said in a proxy it will ask shareholders to vote on pushing back the deadline for a deal until November. The current termination date is May 2, when the SPAC will liquidate if the extension vote fails.
The preliminary proxy does not include a per-share redemption price for stockholders who decide to cash out.
Altenergy raised $230 million in a November 2021 IPO. Read more.