Quarterly ResultMay 15, 2026, 04:44 PM
ATEK Q1 Net Loss $(465,596); Business Combination with Ace Green Recycling
AI Summary
Athena Technology Acquisition Corp. II (ATEK) reported a net loss of $(465,596) for Q1 2026, an improvement from $(768,658) in Q1 2025, with basic and diluted net loss per share at $(0.05). The company continues its efforts to complete a business combination, having entered into an agreement with Ace Green Recycling, Inc. in December 2024. ATEK has extended its business combination deadline multiple times, with the current period ending June 14, 2026, and was delisted from NYSE American in December 2024, now trading on OTC Pink.
Key Highlights
- Q1 2026 net loss improved to $(465,596) from $(768,658) in Q1 2025.
- Basic and diluted net loss per share was $(0.05) for Q1 2026.
- Cash and cash equivalents decreased to $155,345 as of March 31, 2026.
- Total stockholders' deficit increased to $(17,490,512) by March 31, 2026.
- Entered Business Combination Agreement with Ace Green Recycling on December 4, 2024.
- Delisted from NYSE American on December 30, 2024, now on OTC Pink.
- Final extension for business combination to June 14, 2026, was made in March 2026.
- Deferred underwriting fees of $8,956,250 are contingent on business combination.
Price Impact
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