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Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced a correction in its press release regarding the monthly contribution amount to its trust account, now stated as $0.055 per public share. The company is holding a reconvened meeting on December 21, 2022 to discuss extending its Deadline Date for an initial business combination from January 22, 2023 to July 22, 2023. If approved, the Sponsor will make contributions based on the number of shares outstanding, capped at $121,000.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced plans to reconvene a special meeting on December 21, 2022, to vote on an amendment allowing the company to extend its deadline for completing a business combination from January 22, 2023, to July 22, 2023. The amendment requires the sponsor to contribute up to $121,000 or $0.55 per public share for each month extended. Stockholders can redeem their shares for a pro-rata portion of funds in the trust account until December 19, 2022. The meeting will adjourn if more than 2 million shares are submitted for redemption.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced the adjournment of its upcoming Extension Meeting originally set for December 16, 2022, to December 21, 2022, to discuss extending the timeframe for completing an initial business combination by six months. Stockholders can redeem their shares until 5:00 p.m. ET on December 19, 2022. To address potential excise tax liabilities related to redemptions, the sponsor will indemnify the company against such taxes. During the extension, funds will be invested in U.S. government securities.