FTAC Athena Acquisition Corp.
FTAA
NASDAQ Capital Market10.17
USD
- -
- -
CIK
0001832696
ISIN
KYG372831019
CUSIP
G37283101
Return %
Stock
S&P500
1Y
3.94
26.53
3Y
3.41
76.60
5Y
3.41
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
- Amanda J. Abrams
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2929 Arch Street Philadelphia PA United States of America 19104-2870
- IPO Date
- Apr 16, 2021
- CIK
- 0001832696
- Website
- fintechmasala.com
- Similar Companies
- Business
- FTAC Athena Acquisition Corp. (FTAA) operates as a blank check company whose principal business activity focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses or assets, primarily targeting technology companies and financial services technology firms; it currently conducts no significant operations. The company offers no core products or services beyond its special purpose acquisition company structure, including Class A ordinary shares, redeemable warrants, and units traded on Nasdaq under symbols FTAA, FTAAW, and FTAAU prior to delisting. Incorporated in 2020 and headquartered in Philadelphia, Pennsylvania, FTAC Athena targets institutional and retail investors in the financial services sector across the United States. In February 2023, the company announces its dissolution and liquidation after failing to complete an initial business combination within the required timeframe, redeeming all outstanding Class A ordinary shares at approximately $10.17 per share from its trust account, with sponsors waiving redemption rights; it concurrently cancels its extraordinary general meeting, withdraws related proxy proposals, delists securities from Nasdaq, and files Form 15 to terminate registration under the Securities Exchange Act of 1934. Previously, FTAC Athena signs a definitive business combination agreement in August 2021 with Pico Quantitative Trading Holdings LLC, valuing the transaction at a pro forma enterprise value of $1.4 billion and implied equity value of $1.75 billion, which terminates without completion. The company completes a $250 million initial public offering in February 2021, upsized from $220 million through exercise of the over-allotment option, managed by Cantor Fitzgerald & Co.
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