Athena Technology Acquisition Corp. Announces Closing of $250 Million Initial Public Offering
March 19 2021 - 3:34PM
Business Wire
Athena Technology Acquisition Corp. (the "Company") announced
the closing of its initial public offering of 25,000,000 units at
$10.00 per unit. The units are listed on the New York Stock
Exchange (the "NYSE") under the symbol "ATHN.U." Each unit consists
of one share of the Company's Class A common stock and one-third of
one warrant, each whole warrant entitling the holder thereof to
purchase one share of the Company's Class A common stock at an
exercise price of $11.50 per share.
The Company is a blank check company whose business purpose is
to effect a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses, which we refer to as our initial business
combination. While the Company may pursue an initial business
combination target in any industry, it currently intends to focus
its efforts identifying businesses in technology, direct to
consumer and fintech industries. The Company is led by Isabelle
Freidheim, Chairman of the Board of Directors, and Phyllis
Newhouse, Chief Executive Officer.
Citigroup Global Markets Inc. ("Citigroup") acted as sole
bookrunner and representative of the underwriters and CastleOak
Securities, L.P. and Siebert Williams Shank & Co., LLC acted as
co-managers of the offering. The Company has granted the
underwriters a 45 day option to purchase up to 3,750,000 additional
units at the initial public offering price to cover
over-allotments, if any.
This offering was made by means of a prospectus. Copies of the
preliminary prospectus relating to the offering and final
prospectus, when available, may be obtained from Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717 or by telephone at (800) 831-9146.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the "SEC"). This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any State or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
State or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company's registration statement and prospectus for the
Company's offering filed with the SEC. Copies are available on the
SEC's website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210319005486/en/
Isabelle Freidheim Chairman of the Board Phyllis W. Newhouse
Chief Executive Officer c/o Athena Technology Acquisition Corp. 125
Townpark Drive, Suite 300 Kennesaw, GA 30144 Telephone: (970)
924-0446
Media Relations Berns Communications Group
AthenaPR@bcg-pr.com (973) 727-8400 (917) 922-4435
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