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AleAnna, Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

ANNA$2.04+4.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31,2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM ___________ TO __________

COMMISSION FILE NUMBER:001-41164

AleAnna, Inc.

(Exact name of registrant as specified in its charter)

Delaware131198-1582153
(State or other jurisdiction of incorporation or organization)(Primary Standard Industrial Classification Code Number)(I.R.S. Employer Identification Number)

(469) 398-2200

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbol(s)Name of each exchange on which registered
Class A common stock, par value $0.0001 per shareANNAThe Nasdaq Capital Market
Warrants, each whole warrant exercisable for one share of Class A common stockANNAWThe Nasdaq Capital Market

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☒

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

The aggregate market value of common stock held by non-affiliates of the registrant as of December 31, 2024: $382,100

As of March 31, 2025,40,584,455 shares of Class A common stock, par value $0.0001 per share, and 25,994,400 shares of Class C common stock, par value $0.0001 per share, of the registrant were outstanding.

Table of Contents

Glossary of Commonly Used Terms, Abbreviations and Measurementsii
Summary of Risk Factorsv
Cautionary Statementsviii
PART I1
Item 1. Business1
Item 1A. Risk Factors23
Item 1B. Unresolved Staff Comments53
Item 1C. Cybersecurity53
Item 2. Properties54
Item 3. Legal Proceedings54
Item 4. Mine Safety Disclosures54
PART II55
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities55
Item 6: [Reserved]55
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations56
Item 7A. Quantitative and Qualitative Disclosures About Market Risk67
Item 8. Financial Statements and Supplementary DataF-1
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure68
Item 9A. Controls and Procedures69
Item 9B. Other Information70
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections70
PART III71
Item 10. Directors, Executive Officers and Corporate Governance71
Item 11. Executive Compensation71
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters71
Item 13. Certain Relationships and Related Transactions, and Director Independence71
Item 14. Principal Accountant Fees and Services71
PART IV72
Item 15. Exhibits and Financial Statement Schedules72

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.