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 $300 million. This transaction will result in the formation of The Air Water Company, expected to be listed on the NYSE. ATEK aims to raise up to $60 million in PIPE financing, with existing Air Water investors rolling their equity into the combined entity. The Air Water Company specializes in innovative air-to-water technology, producing sustainable drinking water with minimal environmental impact. The business combination is projected to close in the first quarter of 2024, pending ATEK stockholder approval and customary conditions.
Athena Technology Acquisition Corp. II (NYSE: ATEK.U) announced that starting January 28, 2022, holders of 25,375,000 units from its IPO can separately trade Class A common stock and warrants. Separated shares will trade under symbols 'ATEK' and 'ATEK WS,' respectively. The offering includes an additional 375,000 units sold via the underwriters' over-allotment option. Athena Technology II, founded by Isabelle Freidheim, is the third all-women SPAC, aiming for business combinations in the technology sector.
Athena Technology Acquisition Corp. II (NYSE: ATEK.U) announced the appointment of three new board members: Judith Rodin, Randi Zuckerberg, and Sharon Brown-Hruska, enhancing its leadership team. This addition, alongside existing members, aims to strengthen capital market access for potential business combinations. Founded by Isabelle Freidheim, Athena II is the third all-women SPAC launched this year, following ATEKN and ACAQ.UN, indicating a strategic focus on leveraging diverse expertise in technology sector investments.