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Athena Consumer Acquisition Corp. (NYSE: ACAQ.U)
Athena Consumer Acquisition Corp. (ACAQ.U) is a special purpose acquisition company (SPAC) incorporated in Delaware. The company aims to merge, acquire, or reorganize with one or more businesses or entities, primarily in the technology and consumer sectors. Athena Consumer is unique as it is the second all-women Athena SPAC, following the pioneering path of Athena Technology Acquisition Corp.
IPO and Financials
In October 2021, Athena Consumer successfully closed its initial public offering (IPO) at $10.00 per unit, generating gross proceeds of $230 million. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. The shares and warrants, once separated, trade on the NYSE under the symbols ACAQ and ACAQ WS, respectively.
Leadership and Vision
The company is chaired by Isabelle Freidheim, with Jane Park serving as Chief Executive Officer, Jennifer Carr-Smith as President, and Angy Smith as Chief Financial Officer. The entire leadership team and board members are comprised of women, emphasizing the company’s commitment to diversity and innovation.
Operational Focus
While Athena Consumer has not selected a specific target for its initial business combination, it intends to focus on businesses in the technology and consumer sectors. The company’s strategy is to leverage its extensive network and expertise to identify and merge with high-potential firms, providing them with the necessary capital and strategic support to accelerate their growth.
Recent Developments
Throughout 2022 and 2023, Athena Consumer has been actively managing its financial deadlines, with multiple extensions to the deadline by which it must complete its initial business combination. The company has also maintained transparency and communication with its shareholders, ensuring they are well-informed about each step of the process.
Partnerships and Market Positioning
With Citigroup Global Markets Inc. serving as the sole bookrunner and Ladenburg Thalmann & Co. Inc. as co-manager of the offering, Athena Consumer is well-positioned in the market. The company continues to explore potential business combinations that align with its strategic goals and market vision.
Commitment to ESG
Athena Consumer is also committed to environmental, social, and governance (ESG) principles. This is reflected in their latest endeavor to merge with Next.e.GO Mobile SE, a company focused on manufacturing battery electric vehicles for urban environments, showcasing their dedication to sustainable business practices.
For more information, visit the company’s website or contact their media representative at athena@lambert.com.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced an extension of its initial business combination deadline to May 22, 2023. This marks the fourth extension, with the sponsor contributing $112,691.48 to the trust account to support the decision. Athena's Charter allows for a total of six one-month extensions, with prior extensions granted in January, February, and March 2023. The purpose of this extension is to provide more time for Athena to complete its merger or business combination.
Athena, founded by Isabelle Freidheim, is a special purpose acquisition company (SPAC) aimed at various business combination opportunities, led by a diverse executive team.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced an extension of its initial business combination deadline from March 22, 2023, to April 22, 2023. The extension is the third of six possible one-month extensions available to Athena under its charter. The sponsor, Athena Consumer Acquisition Sponsor LLC, contributed $112,691.48 to the trust account to facilitate this extension. This move aims to provide additional time for Athena to complete a merger or similar business combination, as previously extended deadlines were set in January and February.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) has announced an extension for its initial business combination deadline from February 22, 2023, to March 22, 2023. This decision was made by the Board of Directors, with the sponsor, Athena Consumer Acquisition Sponsor LLC, depositing $112,691.48 into Athena’s trust account to facilitate this extension. Athena's charter allows for up to six one-month extensions, with this being the second. The extension aims to provide additional time for Athena to finalize its planned acquisition, following a previous extension implemented in January 2023.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQWS) announced its transfer from the NYSE to NYSE American, effective February 14, 2023. This decision follows recent redemptions of its Class A common stock related to extending the deadline for its initial business combination. Athena has received clearance for its listing application and will continue to file periodic reports with the SEC. The company, a special purpose acquisition corporation founded by women leaders, aims to engage in various business combinations.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced the deposit of $112,691.48 into its trust account to extend its initial business combination deadline to February 22, 2023. This extension, approved by the board on January 17, allows for one of six potential one-month extensions. Athena, a special purpose acquisition company, aims to merge with or acquire other businesses. Founded by women executives, Athena is the second SPAC established by Isabelle Freidheim, with Jane Park as CEO.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) has announced an extension of its deadline for consummating an initial business combination from January 22, 2023, to February 22, 2023. This decision follows stockholder approval for extending the deadline up to six times for a month each. The sponsor, Athena Consumer Acquisition Sponsor LLC, will contribute $112,691.48 to the trust account as part of the extension, as detailed in a promissory note of $676,148.88 issued to the sponsor. This extension aims to facilitate the completion of a business combination, allowing more time for strategic planning.
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