Athena Technology Acquisition Corp. II (NYSE American: ATEK), a special purpose acquisition company, announced today that it has deposited $25,755.62 into its trust account to extend the deadline for completing its initial business combination by one month. The new deadline is now November 14, 2024. This extension represents the eighth of up to nine possible monthly extensions allowed under the company's charter.
The deposit into the trust account is part of Athena Technology Acquisition Corp. II's strategic efforts to secure more time to finalize a merger or acquisition that aligns with its business objectives. Special purpose acquisition companies like Athena Technology Acquisition Corp. II are formed to raise capital through an initial public offering for the purpose of acquiring an existing company.
Athena Technology Acquisition Corp. II's management has not yet disclosed any specific targets for the business combination but continues to evaluate various opportunities. The extension provides the company with additional time to find a suitable partner and negotiate a deal that would benefit shareholders and support the company's future growth.
The company's securities, consisting of Class A Common Stock and Redeemable Warrants, are listed on the NYSE American under the ticker symbols ATEK and ATEK WS, respectively. The Redeemable Warrants are exercisable for one share of Class A Common Stock at a price of $11.50 per share.
Athena Technology Acquisition Corp. II, headquartered in New York, operates as a blank check company under the jurisdiction of Delaware with a fiscal year ending on December 31. The company's executive offices are located at 442 5th Avenue, New York, NY 10018.
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