Corporate ActionMay 22, 2026, 07:41 AM
Athena Technology II Seeks Extension to March 2027 for Ace Green Deal
AI Summary
Athena Technology Acquisition Corp. II (ATEK) will hold a Special Meeting on June 11, 2026, to seek stockholder approval for a fifth amendment to its charter. This amendment would extend the deadline to complete a business combination by up to nine months, from June 14, 2026, to March 14, 2027. The extension is necessary to finalize its proposed business combination with Ace Green Recycling, Inc. Public stockholders will have redemption rights at an estimated $12.21 per share, a premium to the current market price.
Key Highlights
- Special Meeting on June 11, 2026, to vote on extending business combination deadline.
- Proposed extension of up to nine months, from June 14, 2026, to March 14, 2027.
- Sponsor to deposit $25,000 or $0.02 per public share for each monthly extension.
- Proposed business combination with Ace Green Recycling, Inc. is still pending SEC review.
- Public stockholders can redeem shares for an estimated $12.21, compared to $9.50 market price.
- Sponsor holds ~99.7% of common stock and will vote for the extension.
- Approval requires affirmative vote of at least 65% of outstanding common stock.
Price Impact
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