FTAC Athena Acquisition Corp. Announces Cancelation of Special Meeting

Rhea-AI Summary

FTAC Athena Acquisition Corp. (NASDAQ:FTAA) announced the cancellation of its extraordinary general meeting, originally scheduled for February 15, 2023. This decision comes after the Company chose to withdraw proposals from its Definitive Proxy Statement filed on January 30, 2023. The cancellation signifies a strategic move as the Company focuses on its upcoming annual general meeting, aiming to streamline shareholder engagement and decision-making processes.

Positive

• None.

Negative

• Cancellation of extraordinary general meeting may indicate potential delays in corporate actions or decisions.
• Withdrawal of proposals could signal uncertainty or lack of support from shareholders.

PHILADELPHIA, PA, Feb. 06, 2023 (GLOBE NEWSWIRE) --  FTAC Athena Acquisition Corp. (NASDAQ:FTAA) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more technology and financial services technology companies, today announced its decision to cancel its extraordinary general meeting in lieu of the annual general meeting of its shareholders that was scheduled for Wednesday, February 15, 2023, and to withdraw from consideration by the shareholders of the Company the proposals set forth in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on January 30, 2023.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for its initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Mehar Jagota
mehar@cohencircle.com
(484)-995-3030

FAQ

What prompted FTAC Athena Acquisition Corp. to cancel its extraordinary general meeting on February 15, 2023?

The Company decided to withdraw the proposals set forth in its Definitive Proxy Statement, shifting focus to its annual general meeting.

What does the withdrawal of proposals by FTAC Athena Acquisition Corp. imply for shareholders?

It may indicate uncertainty or lack of support for the proposals among shareholders.

How might the cancellation of the extraordinary general meeting affect FTAC Athena Acquisition Corp.'s future plans?

This move may cause delays in corporate actions, impacting the Company's strategy moving forward.