The new SPAC intends to focus on businesses that are involved in renewable energy or related clean technology, specifically renewables transformation, electrification, and decarbonization. AltEnergy is led by CEO and Chairman Russell Stidolph, CFO Jonathan Darnell, and COO Arul Gupta.
Total SPAC deal count for 2021 year-to-date is now 503. This offering is expected to close on Tuesday, November 2.
B. Riley Securities is serving as the sole book-running manager for the offering. Morrison Cohen LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Kesselman & Kesselman serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.