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Alussa Energy Acquisition Corp.
- Market Cap
- Unavailable
- Volume
- 126.9K
About
Alussa Energy Acquisition Corp. II primarily aims to complete a business combination. This strategic goal might be achieved through various means, such as mergers, stock exchanges, asset purchases, equity acquisitions, or corporate restructurings, involving one or multiple target entities. The firm was founded in 2024 and conducts its operations from its base in Austin, Texas.
Quick stats
Shares outstanding35.9M
Computed float28.8M
Float / shares80.0%
Cash runway (months)6.2
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002041493
Websitehttps://www.alussaenergy.com
AI Summary
AI-generated1/2
majorbearishperiodic report
ALUB: 10-Q — periodic report
Alussa Energy Acquisition Corp. II, a $287.5 million energy-focused SPAC that completed its NYSE IPO on November 14, 2025, reported Q2 2026 net income of $2,249,952 ($0.06 per share), driven entirely by $2,613,400 of interest earned on its $294,052,528 trust account, against $363,448 of general and administrative costs.
The filing carries a going-concern warning: the company held just $604,764 in cash outside the trust and management concluded it may not have sufficient liquidity to meet current obligations, raising substantial doubt about its ability to continue as a going concern absent additional funding from the Sponsor or third parties.
The SPAC has not yet identified a business combination target and must complete a deal with a target worth at least 80% of trust assets within 24 months of the IPO closing. Upon a deal, deferred fees of $8,625,000 underwriting, $8,625,000 Santander advisory, and $1,197,413 legal would be payable from trust proceeds, and up to $1,500,000 of Sponsor working capital loans could convert into warrants, adding dilution.
Red flags
- Going-concern warning — management concludes substantial doubt about ability to continue; additional funding needed within one year
- Only $604,764 of cash outside the trust against ongoing deal-pursuit and public-company costs
- No business combination target identified; 24-month completion window running from the November 14, 2025 IPO closing
- Upon a deal, $18.4M+ of deferred underwriting, advisory, and legal fees are payable from trust proceeds, reducing per-share consideration
- Up to $1,500,000 of Sponsor Working Capital Loans convertible into warrants creates additional dilution risk
- Sponsor indemnity for third-party claims may be insufficient — Sponsor's only assets are securities of the company