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Ace Green Recycling (to trade as AGXI) and Athena Technology Acquisition Corp. II announced a $32 million PIPE to support their proposed business combination. Proceeds are expected to fund capital expenditures for Ace's Texas recycling facility, support U.S. and international operations, and for general corporate purposes including acquisitions. The PIPE is concurrent with and contingent on closing the Proposed Business Combination; a Form S-4 was filed on March 24, 2026.