Alussa Energy Acquisition Corp. II

In addition to the other information set forth in this Report and our other filings with the SEC, see the section titled “Risk Factors” contained in our Annual Report on Form 10-K for the year ended December 31, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risks could arise that may also affect our business or ability to consummate an initial Business Combination.

As of June 30, 2026, we had $604,764 in cash and a working capital surplus of $355,155. We have incurred and expect to continue to incur significant costs in pursuit of our Business Combination plans. In connection with our assessment of going concern considerations in accordance with FASB ASC Topic 205-40, management has determined that we may not have sufficient liquidity to meet our current obligations and may need to raise additional funds to finance our working capital needs within one year from the date of issuance of these unaudited financial statements. These conditions raise substantial doubt about our ability to continue as a going concern.

We may need to raise additional capital through loans or additional investments from our Sponsor, shareholders, officers, directors, or third parties. Our officers, directors and our Sponsor may, but are not obligated to, loan us funds as may be required. Accordingly, we may not be able to obtain additional financing. If we are unable to raise additional capital, we may be required to take additional measures to conserve liquidity, which could include, but are not necessarily limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. We cannot provide any assurance that new financing will be available to us on commercially acceptable terms, if at all.