Athena Technology Acquisition Corp. II

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.

Athena Technology Acquisition Corp. II has deposited $271.48 into its trust account to extend the deadline for completing its initial business combination. This action extends the period by one month, from July 14, 2026, to August 14, 2026. This marks the second of up to nine possible monthly extensions permitted under the company's amended certificate of incorporation.

Athena Technology Acquisition Corp. II stockholders approved an amendment to its Certificate of Incorporation, extending the deadline to complete a business combination from June 14, 2026, to March 14, 2027. This extension can occur monthly, up to nine times, contingent on the sponsor depositing funds into the trust account. The company has already made the first deposit of $271.48, extending the deadline to July 14, 2026. Following the vote, 11,313 shares were redeemed for a total of $138,565.10, or approximately $12.25 per share.

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.

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.

Athena Technology Acquisition Corp. II has extended the period to complete its initial business combination by one month, from May 14, 2026, to June 14, 2026. This extension was facilitated by a deposit of $497.74 into the company's trust account. This marks the ninth and final monthly extension allowed under the company's Amended and Restated Certificate of Incorporation.

Athena Technology Acquisition Corp. II and Ace Green Recycling, Inc. entered into a Second Amendment to their Business Combination Agreement (BCA) on April 18, 2026. This amendment increases the authorized preferred stock of New Ace Green from 1,000,000 to 5,000,000 shares to facilitate a PIPE Investment and potential future fundings. On April 21, 2026, the companies secured a $32,000,000 PIPE Investment from third-party investors, involving the purchase of 3,333,333 shares of 12.0% Series A Cumulative Convertible Preferred Stock and warrants to purchase 5,000,000 common shares, both at an initial price of $12.00 per share, along with an additional 1,000,000 common shares.

Athena Technology Acquisition Corp. II (ATEK) announced it has extended the period to consummate its initial business combination by one month, moving the deadline from April 14, 2026, to May 14, 2026. This extension was facilitated by a deposit of $497.74 into the Company's trust account. This marks the eighth of up to nine potential monthly extensions permitted under the Company's Amended and Restated Certificate of Incorporation, indicating the SPAC is nearing the end of its available extension periods to find a suitable merger target.