MergerAug 13, 2026, 04:35 PM
ATEK Extends Merger Deadline to March 2027; Delisted
AI Summary
Athena Technology Acquisition Corp. II (ATEK) has extended its business combination deadline to March 14, 2027, as it continues efforts to merge with Ace Green Recycling, Inc. The company was delisted from NYSE American on December 30, 2024, and now trades on OTC Pink, reflecting ongoing challenges. For the six months ended June 30, 2026, ATEK reported a net loss of $(875,023) and saw its Trust Account investments decline significantly due to redemptions and expenses.
Key Highlights
- Signed Business Combination Agreement with Ace Green Recycling, Inc.
- Extended merger deadline to March 14, 2027, through a fifth extension.
- Delisted from NYSE American on December 30, 2024, now trading on OTC Pink.
- Reported a net loss of $(875,023) for the six months ended June 30, 2026.
- Investments held in Trust Account decreased to $166,857 as of June 30, 2026.
- Total Stockholders’ Deficit increased to $(17,902,849) as of June 30, 2026.
- Deferred underwriting fees of $8,956,250 are contingent upon successful merger completion.
- Class A common stock subject to redemption decreased to 13,574 shares as of June 30, 2026.
Price Impact
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