Car Tech merger amended: $120M total consideration, removes $50M PIPE condition, adds warrants

AltEnergy Acquisition Corp

Total consideration up to $120M ($80M closing + $40M earn-out); Merger Warrants added.
$50M PIPE financing condition removed as a closing condition.
Backstop: Shinyoung contributes debt to Car Tech for units; provides guaranty.
Sponsor to forfeit 250,000 Class B shares; 250,000 Class A shares issued to third parties.
Lock-up: staggered 12-24 months; earn-out shares tied to $14/$18 price over 5-10 years.

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