AltEnergy Acquisition Corp (AEAE): auditor change — AltEnergy to restate 2022 financial statements due to warrant valuation error

AltEnergy Acquisition Corp

On May 11, 2023, management concluded 2022 audited financials should no longer be relied upon.
Restatement required to correct fair value of warrants issued in IPO and private placement.
A material weakness in internal controls was identified; remediation plan to be detailed in 10-K/A.
Company discussed the matter with its independent auditor, Marcum LLP.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

AltEnergy Acquisition Corp reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Marcum LLP

Exact text from the filing

ed financial statements for the year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on April 11, 2023 (the “Affected Period”), should no longer be relied upon and should be restated to properly reflect the fair value of the warrants comprising part of the units issued in the Company’s Initial Public Offering and the warrants issued in the private sale simultaneously with the closing of the Company’s Initial Public Offering as of December 31, 2022. As a result, the Company intends to restate its financial statements for the Affected Period in a Form 10-K/A (the “2022 Form 10-K/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 2

View on SEC.gov

8 auditor changes filed in the last 30 days. Browse all auditor changes →

AltEnergy Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-146770

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.