Athena Technology Acquisition Corp. II (NYSE:ATEK), a special purpose acquisition company, has deposited an additional $25,755.62 into its trust account, the company announced on Thursday. This move extends the deadline for Athena to complete its initial business combination by one month, moving the date from August 14, 2024, to September 14, 2024.
The deposit enables Athena to utilize the sixth of up to nine potential monthly extensions as outlined in its Amended and Restated Certificate of Incorporation. The decision to extend the deadline is part of the company's strategy to provide additional time to secure a suitable business combination partner.
Athena Technology Acquisition Corp. II, incorporated in Delaware and based in New York, operates as a blank check company, which means it was established with the purpose of merging with or acquiring a company, thereby enabling that business to become publicly traded without going through the traditional initial public offering process.
The company's securities are listed on the NYSE American and include units (ATEK.U), Class A common stock shares (ATEK), and redeemable warrants (ATEK WS), with the warrants exercisable for one share of Class A common stock at $11.50 per share.
Athena, an emerging growth company, is led by Isabelle Freidheim, its Chief Executive Officer and Chairperson of the Board of Directors. The firm's latest action reflects its ongoing efforts to identify a target company for its initial business combination.
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