Athena Technology Acquisition Corp. II
ATEK-UN
Other OTC11.50
USD
- -
- -
CIK
0001882198
ISIN
US04687C1053
Return %
Stock
S&P500
1Y
5.02
26.53
3Y
7.38
76.60
5Y
7.38
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- 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
- Sep 8, 2023
- CIK
- 0001882198
- Website
- athenaspac.com
- Similar Companies
- Business
- Athena Technology Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in New York, New York. It primarily focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. The company targets businesses primarily in the fintech, enterprise, deep tech, and health-tech industries, aiming to leverage the expertise of its management team to identify and build companies with competitive advantages in these sectors. Athena Technology Acquisition Corp. II does not engage in traditional product manufacturing or sales but serves as an acquisition vehicle to combine with operating businesses. Its core service is facilitating business combinations that can generate value for its stockholders and customers through operational improvements. The company completed an initial public offering (IPO) in 2021, raising $250 million by issuing 25 million units priced at $10 each. The latest major development for Athena Technology Acquisition Corp. II is its definitive business combination agreement with Ace Green Recycling, a provider of sustainable battery recycling technology that recovers critical materials from lead and lithium-ion batteries. Ace Green operates commercial recycling facilities in India and Taiwan, with expansion plans for the U.S., Europe, and Israel. This merger, expected to close in the first half of 2025, will position Ace Green as the operating business of the combined entity, which had an annual revenue of approximately $23 million at the time of announcement. The transaction includes a concurrent financing round from strategic and fundamental investors, aiming to support growth and operational scaling. Athena Technology Acquisition Corp. II operates mainly in the United States but strategically aligns itself with international opportunities via its business combination targets. It was founded by CEO Isabelle Freidheim and is led by a female executive team, emphasizing tech-enabled efficient business models and operational expertise to grow acquired companies and expand their market presence. In summary, Athena Technology Acquisition Corp. II acts as a technology-focused acquisition platform specializing in fintech, deep tech, and health-tech sectors, with its most recent significant change being the upcoming merger with Ace Green Recycling, representing a strategic expansion into sustainable battery recycling technology and international operations. This positions the company for growth in environmentally sustainable technology markets alongside its mandate to create shareholder value through targeted acquisitions.