Car Tech, LLC and AltEnergy Acquisition Corp Announce Definitive Business Combination Agreement to List Merged Company on the NASDAQ Capital Market

February 21, 2024

https://www.prnewswire.com/news-releases/car-tech-llc-and-altenergy-acquisition-corp-announce-definitive-business-combination-agreement-to-list-merged-company-on-the-nasdaq-capital-market-302067178.html

SEOUL, South Korea and OPELIKA, Ala. and NEW YORK, Feb. 21, 2024 /PRNewswire/ — Car Tech, LLC (“Car Tech”), a U.S. stamped auto-body parts manufacturer and subsidiary of leading Korean supplier, Shinyoung Co., Ltd., and AltEnergy Acquisition Corp. (NASDAQ: AEAE) (“AltEnergy”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in Car Tech becoming a publicly traded company on the NASDAQ Capital Market. The transaction aims to expand Car Tech’s U.S. manufacturing operations with an emphasis on its growing EV battery-related body parts business.

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