Welcome to our dedicated page for Athena Consumer Acquisition news (Ticker: ACAQ), a resource for investors and traders seeking the latest updates and insights on Athena Consumer Acquisition stock.
Athena Consumer Acquisition Corp. (NYSE: ACAQ) is a special purpose acquisition company (SPAC) incorporated in Delaware with the specific aim of facilitating mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. Founded by Isabelle Freidheim with Jane Park as CEO, Jennifer Carr-Smith as President, and Angy Smith as CFO, Athena is notable for its all-women leadership team, including founders, CEOs, board members, and executives across all their SPAC initiatives.
Recently, Athena has been in the spotlight for its proposed business combination with Next.e.GO Mobile SE (“e.GO”), a German manufacturer of battery electric vehicles focused on urban mobility. The collaboration aims to leverage e.GO's innovative MicroFactory production technology, which offers flexibility and reduced capital investment for vehicle manufacturing, to expand e.GO's footprint globally. More than 1,300 e.GO vehicles are already in operation, attesting to the company's growing influence in urban electric mobility.
The ongoing business combination is expected to result in a public listing on the Nasdaq Stock Market under the new ticker symbol
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.
Next.e.GO Mobile SE, an urban electric vehicle manufacturer, announced a Virtual Analyst & Investor Day on April 27, 2023 at 9:00 a.m. ET. This event aims to share the company's strategy and operations with investors and analysts. Key presentations will be made by senior management, including Chairman Ali Vezvaei and CFO Eelco van der Leij. The event follows e.GO's agreement to merge with Athena Consumer Acquisition Corp. (ACAQ), which will lead to e.GO’s public listing under the new ticker symbol “EGOX”. e.GO focuses on affordable electric vehicles using innovative production technology. The completion of the merger is anticipated in early 2023, contingent on customary closing conditions.
Next.e.GO Mobile SE, a key player in urban electric vehicle production, will exhibit at the Hannover Messe trade fair from April 17-21, 2023, in collaboration with Microsoft at Hall 17 Booth G06. The event, focused on Industrial Transformation, will showcase e.GO's innovative MicroFactory technology aimed at decentralizing and optimizing automotive production. Demonstrations will highlight the integration of artificial intelligence and technologies like HoloLens to enhance production processes. Chairman Ali Vezvaei expressed enthusiasm about contributing to sustainable manufacturing. e.GO is also involved in a business combination agreement with Athena Consumer Acquisition Corp (ACAQ,WS,ACAQU) for a public listing, expected in Q2 2023.
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.
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