Alussa Energy Acquisition Corp. II

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.

SEC 10-Q•2mo ago