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) announced the filing of a registration statement on Form F-4 with the SEC for a business combination with Next.e.GO Mobile SE. This follows the signing of a definitive agreement on July 28, 2022, with the transaction expected to be executed through a wholly-owned subsidiary, TopCo, which will subsequently trade as 'EGOX' on NYSE. The completion is contingent upon standard closing conditions, including stockholder approval. e.GO focuses on affordable urban electric vehicles, leveraging proprietary technologies and MicroFactories to meet growing urban mobility needs.
Next.e.GO Mobile SE has signed a memorandum of understanding (MOU) with Trafigura Pte. Ltd. to establish a long-term supply chain management agreement, focusing on the supply of aluminum and battery metals including lithium, cobalt, and copper. Commencing in
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.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced a correction in its press release regarding the monthly contribution amount to its trust account, now stated as $0.055 per public share. The company is holding a reconvened meeting on December 21, 2022 to discuss extending its Deadline Date for an initial business combination from January 22, 2023 to July 22, 2023. If approved, the Sponsor will make contributions based on the number of shares outstanding, capped at $121,000.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced plans to reconvene a special meeting on December 21, 2022, to vote on an amendment allowing the company to extend its deadline for completing a business combination from January 22, 2023, to July 22, 2023. The amendment requires the sponsor to contribute up to $121,000 or $0.55 per public share for each month extended. Stockholders can redeem their shares for a pro-rata portion of funds in the trust account until December 19, 2022. The meeting will adjourn if more than 2 million shares are submitted for redemption.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS) announced the adjournment of its upcoming Extension Meeting originally set for December 16, 2022, to December 21, 2022, to discuss extending the timeframe for completing an initial business combination by six months. Stockholders can redeem their shares until 5:00 p.m. ET on December 19, 2022. To address potential excise tax liabilities related to redemptions, the sponsor will indemnify the company against such taxes. During the extension, funds will be invested in U.S. government securities.
Next.e.GO Mobile SE and Athena Consumer Acquisition Corp. have announced a definitive business combination, leading to e.GO's public listing on the New York Stock Exchange under the ticker EGOX. The transaction is expected to yield gross proceeds of approximately
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