Latest Non-Redemption Agreements: AltEnergy Acquisition Corp.
AltEnergy Acquisition Corp. (AEAE) Adds Non-Redemption Agreement
On April 26, 2023 and April 27, 2023, AltEnergy Acquisition Corp. (NASDAQ:AEAE) and AltEnergy Acquisition Sponsor, LLC, the sponsor of the Company, entered into non-redemption agreements with certain unaffiliated third parties in exchange for the holder or holders agreeing either not to request redemption in connection with the extension or to reverse any previously submitted redemption demand in connection with the extension with respect to an aggregate of 1,250,000 Class A common stock.
In consideration of the foregoing agreement, immediately prior to, and substantially concurrently with, the closing of an initial business combination, the sponsor will surrender and forfeit an aggregate of 250,000 shares of Class B common stock and the company will issue to the holders a number of Class A Shares equal to the forfeited shares.
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