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Athena Consumer Acquisition Corp. to Transfer Listing To NYSE American

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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.

Positive
  • Transfer to NYSE American allows continued listing post-redeemable stock changes.
  • Athena has received clearance and final approval for its listing application.
Negative
  • Transfer may indicate prior challenges with maintaining NYSE listing.

New York, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) (“Athena”), announced today that it will transfer its listing from the New York Stock Exchange (the “NYSE”) to the NYSE American LLC (the “NYSE American”). Athena received written confirmation that it has been cleared to file an initial listing application with the NYSE American on February 6, 2023, and received the final approval for listing from the staff of NYSE American on February 9, 2023.

In connection with the transfer, Athena will voluntarily delist from the New York Stock Exchange, and expects to begin trading on the NYSE American on or about February 14, 2023. Athena’s decision to transfer to the NYSE American was made to permit the continued listing of its securities following recent redemptions of Athena’s Class A common stock in connection with the vote to extend the deadline by which Athena must complete its initial business combination. Following the transfer to the NYSE American, Athena intends to continue to file the same types of periodic reports and other information it currently files with the U.S. Securities and Exchange Commission.

About Athena Consumer Acquisition Corp.

Athena, incorporated in Delaware, is a special purpose acquisition company (“SPAC”) incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Athena is the second SPAC founded by Isabelle Freidheim, with Jane Park serving as Chief Executive Officer, Jennifer Carr-Smith as President and Angy Smith as Chief Financial Officer. All three Athena SPACs have been comprised entirely of women founders, CEOs, board members and other executives.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Athena’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Contact
Claire Kerr
Bevel PR
Athena@bevelpr.com


FAQ

What is the reason for Athena's transfer to NYSE American?

Athena is transferring to maintain continued listing after Class A common stock redemptions.

When will Athena begin trading on NYSE American?

Athena expects to begin trading on NYSE American on or about February 14, 2023.

How will Athena's listing affect its financial reporting?

Athena will continue to file the same periodic reports with the SEC after the transfer.

What does Athena Consumer Acquisition Corp. do?

Athena is a SPAC focused on business combinations, asset acquisitions, and similar transactions.

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