UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On March 22, 2024, management of AltEnergy Acquisition Corp. (the “Company”) concluded that the Company’s previously issued (i) unaudited financial statements for the quarterly period ended June 30, 2023 included in the Company’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission (the “SEC”) on August 14, 2023 (the “Q2 Affected Period”) and (ii) unaudited financial statements for the quarterly period ended September 30, 2023 included in the Company’s Quarterly Report on Form 10-Q, filed with the SEC on November 3, 2023 (the “Q3 Affected Period”) should no longer be relied upon and should be restated to properly reflect the presentation and calculation of the capital contribution and related cost associated with certain non-redemption agreements entered into with certain stockholders of the Company in connection with the special meeting of stockholders of the Company held on April 28, 2023.
On March 24, 2024, management of the Company concluded that the Company’s previously issued (i) unaudited financial statements for the quarterly period ended March 31, 2023 included in the Company’s Quarterly Report on Form 10/Q, filed with the SEC on May 23, 2023 (the “Q1 Affected Period”), (ii) unaudited financial statements for the Q2 Affected Period and (iii) unaudited financial statements for the Q3 Affected Period should no longer be relied upon and should be restated to properly reflect as an expense the deferred consulting payments due to our chief financial officer if we complete our initial business combination.
As a result of the forgoing, the Company intends to restate its financial statements for the Q1 Affected Period in a form 10-Q/A (the “Q1 Form 10-Q/A”), for the Q2 Affected Period in a Form 10-Q/A (the “Q2 Form 10-Q/A”) and for the Q3 Affected Period in a Form 10-Q/A (the “Q3 Form 10-Q/A”).
Based on the circumstances described above, the Company’s management has concluded that a material weakness exists and a remediation plan with respect to such material weakness will be described in more detail in the Q1 Form 10-Q/A, Q2 Form 10-Q/A and the Q3 Form 10-Q/A.
The Company’s management has discussed the matters disclosed in this Current Report on Form 8-K with the Company’s audit committee and Marcum LLP, the Company’s independent registered public accounting firm.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ALTENERGY ACQUISITION CORP. | ||||||
| Date: March 27, 2024 | ||||||
| By: | /s/ Russell Stidolph | |||||
| Name: | Russell Stidolph | |||||
| Title: | Chief Executive Officer | |||||
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