---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-146770"
form_type: "8-K"
ticker: "AEAE"
cik: "0001852016"
company_name: "AltEnergy Acquisition Corp"
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:39:33.492604+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AltEnergy to restate 2022 financial statements due to warrant valuation error

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-146770
- form_type: 8-K
- ticker: AEAE
- cik: 0001852016
- company_name: AltEnergy Acquisition Corp
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852016/000119312523146770/0001193125-23-146770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852016/000119312523146770/d824973d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-146770
- JSON: https://secwatch.observer/filing/0001193125-23-146770.json
- Plain text: https://secwatch.observer/filing/0001193125-23-146770.txt

## Key facts
- Auditor Changes
  AltEnergy Acquisition Corp reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Marcum LLP
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852016/000119312523146770/0001193125-23-146770-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.