Welcome to our dedicated page for ATHENA TECHNOLOGY ACQ II news (Ticker: ATEK), a resource for investors and traders seeking the latest updates and insights on ATHENA TECHNOLOGY ACQ II stock.
Athena Technology Acquisition Corp. II (ATEK) generates news primarily through its activities as a special purpose acquisition company (SPAC) seeking an initial business combination. News coverage tracks its IPO, proposed mergers, charter amendments and stockholder votes, giving investors insight into how the SPAC is progressing toward completing a transaction.
One major stream of ATEK-related news concerns its proposed business combinations. An April 20, 2023 announcement described a definitive agreement with Air Water Ventures Ltd., a company focused on direct air-to-water technology. Later, a December 4, 2024 press release reported that Athena Technology Acquisition Corp. II entered into a definitive business combination agreement with Ace Green Recycling, Inc., under which a wholly owned subsidiary of ATEK would merge with Ace Green Recycling and Ace’s operations would become the operating business of the combined entity, subject to approvals and closing conditions.
Another recurring news theme involves extensions of the SPAC’s deadline to complete a business combination. Company announcements and related SEC filings detail special meetings, proxy statements and monthly deposits into the trust account that enable ATEK to extend its business combination period. These items are important for tracking the remaining time the SPAC has to finalize a transaction before it would be required to redeem public shares and wind up.
Historical news also includes coverage of Athena Technology Acquisition Corp. II’s initial public offering on the New York Stock Exchange, where its units began trading under the ticker ATEK.U, as well as subsequent updates about its capital structure and sponsor activities. Investors who follow ATEK news can monitor developments around its proposed merger with Ace Green Recycling, any changes to transaction terms, and stockholder meetings that determine key milestones in the SPAC’s lifecycle.
This news page aggregates such announcements and related coverage so readers can review the evolution of Athena Technology Acquisition Corp. II from its IPO through its efforts to complete an initial business combination.
Athena Technology Acquisition Corp. II has received a delisting notice from NYSE American due to failing to complete a business combination within the required 36-month timeframe following its IPO. Trading of the company's securities has been suspended, including class A common stock, units, and redeemable warrants. The company has until December 17, 2024, to request a review of the delisting determination. While working to complete its announced business combination with Ace Green Recycling, the company plans to seek listing on The Nasdaq Stock Market if delisted from NYSE American.
Ace Green Recycling has announced a business combination agreement with Athena Technology Acquisition Corp. II (NYSE: ATEK), valuing Ace at $250 million. The company specializes in sustainable battery recycling technology for both lead and lithium-ion batteries using fully electrified processes that produce zero emissions and waste.
Ace currently operates commercial facilities in India (lithium-ion) and has licensed technology in Taiwan (lead), processing over three million pounds of batteries. The company generates approximately $23 million in annual revenue and plans to develop a flagship recycling plant in Texas. Their technology can recover up to 75% of lithium with 99% purity from LFP and NMC batteries, and up to 99% of battery-grade lead with 99.98% purity.
The company has secured a 15-year offtake agreement with Glencore and expects the transaction to close in first half of 2025.
Ace Green Recycling, a leading provider of sustainable battery recycling technology, has announced a merger with Athena Technology Acquisition Corp. II (NYSE: ATEK). The company is valued at $250 million in the transaction, expected to close in first half of 2025.
Ace operates commercial facilities in India (lithium-ion) and Taiwan (lead), processing over three million pounds of batteries. Their innovative technology recovers up to 75% of lithium with 99% purity from LFP and NMC batteries, and up to 99% of battery-grade lead with 99.98% purity, all while producing zero Scope 1 emissions and toxic waste.
The company generates approximately $23 million in annual revenue and targets two markets: the mature lead battery recycling market ($20 billion in 2024) and the lithium-ion battery recycling market (projected $35 billion by 2040). Ace plans to develop a flagship recycling plant in Texas and has secured a 15-year offtake agreement with Glencore.
Air Water Ventures Ltd. and Athena Technology Acquisition Corp. II (ATEK) have announced a definitive agreement for a business combination, valuing Air Water Ventures at
Athena Technology Acquisition Corp. II (NYSE: ATEK.U, ATEK, ATEK WS) announced the adjournment of its Extension Meeting scheduled for December 16, 2022, to December 21, 2022. This meeting will address the Extension Amendment, which seeks to prolong the time to complete a business combination until September 14, 2023. Shareholders can redeem their shares until December 19, 2022, and are encouraged to vote. The company, led by women executives, is focused on merging or acquiring businesses.
Athena Technology Acquisition Corp. II has successfully closed its initial public offering (IPO) of 25 million units at $10.00 each, generating gross proceeds of $250 million. The units began trading on the NYSE under the ticker 'ATEK.U' on December 10, 2021. This IPO marks Athena's third all-women SPAC initiative, led by founder Isabelle Freidheim, aimed at merging with a technology sector business. Each unit consists of one share of Class A common stock and one-half redeemable warrant, with full warrants exercisable at $11.50 per share. Citigroup served as the sole bookrunner for the offering.
Athena Technology Acquisition Corp. II announced the pricing of its initial public offering of 25,000,000 units at $10.00 each, totaling $250 million. Units will trade on NYSE under ticker ATEK.U starting December 10, 2021. Athena II, led by CEO Isabelle Freidheim, focuses on tech-enabled efficient business models. The company intends to pursue opportunities primarily in the technology sector. Each unit consists of one Class A share and half a redeemable warrant, with the latter exercisable at $11.50 per share. Citigroup serves as the sole bookrunner for this offering.
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