- CEO
- Isabelle D. Freidheim
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 442 5th Avenue New York City NY United States of America 10018
- IPO Date
- Jan 28, 2022
- Business
- Athena Technology Acquisition Corp. II (ATEK) is a blank check company with no significant current operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the fintech, enterprise, deep tech, and health-tech industries; it offers no products or services beyond this acquisition mandate. Incorporated in 2021 and headquartered in New York, New York, the company operates in the United States and pursues targets with technology-enabled business models, including artificial intelligence, machine learning, cloud computing, cybersecurity, and sustainability sectors.
Led by Founder, Chief Executive Officer and Chairman Isabelle D. Freidheim, President Kirthiga Reddy, and Chief Financial Officer Jennifer Rosario Calabrese, Athena Technology Acquisition Corp. II raised $250 million in its initial public offering of 25 million units in December 2021, which began trading on the NYSE under ticker ATEK.U.
In December 2024, the company entered into a definitive business combination agreement with Ace Green Recycling, Inc., a sustainable battery recycling technology provider specializing in zero-emission processes for lead-acid and lithium-ion batteries, valuing Ace at $250 million with an expected closing in the first half of 2025; Ace has secured a 15-year offtake agreement with Glencore and operates commercial facilities. Earlier, in August 2023, Athena announced a business combination with Air Water Ventures Ltd., a direct air-to-water technology developer, to form The Air Water Company, though updates indicate no completion as of late 2025. In December 2024, the company received a NYSE American delisting notice for failing to complete a business combination within the 36-month post-IPO period, suspending trading of its Class A common stock, units, and warrants, while planning a potential Nasdaq listing and continuing pursuit of the Ace Green transaction; it filed a notification of late Form 10-Q for the quarter ended September 30, 2025.