NEW YORK, Dec. 14, 2021 /PRNewswire/ -- Athena
Technology Acquisition Corp. II ("Athena Technology II" or the
"Company"), a newly incorporated blank check company, today
announced the closing of its initial public offering of 25,000,000
units at a price of $10.00 per unit.
The offering was priced at $10.00 per
unit, resulting in gross proceeds of $250,000,000. The units began trading on the New
York Stock Exchange ("NYSE") under the ticker symbol "ATEK.U" on
December 10, 2021.
"We are thrilled to once again having partnered with many of the
leading investors in the world," said Athena Technology II Founder,
Chairman and CEO Isabelle Freidheim.
"We now look forward to partnering with one of the technology
companies that will be at the forefront of this new age
economy."
President Kirthiga Reddy, formerly Investment Partner, SoftBank
Investment Advisers, added, "AI, data, automation, IoT and Web3.0
are disrupting every industry as we know it and transforming the
way people live and work. With a leadership team experienced in
software, enterprise, fintech, deep-tech, and health-tech and a
proven history, we are ready to tap into the unlimited potential we
see in the technology space."
Athena Technology II is the third all-women Athena SPAC founded
by Freidheim this year, following Athena Technology Acquisition
Corp., which was the first all-women SPAC to announce a business
combination, and Athena Consumer Acquisition Corp., which closed on
its public offering in October 2021.
In addition to Freidheim and Reddy, Anna
Apostolova serves on the management team as Chief Financial
Officer, and Sharon Brown-Hruska,
Judith Rodin and Randi Zuckerberg serve on the Company's Board of
Directors.
Beyond its management team and Board, Athena has attracted an
experienced team of Advisors, which includes Trier Bryant,
Minneola Ingersoll, Dolly Singh, Andrea
Tarbox and Wei Zhang.
The Company was formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue an initial business
combination target in any industry, it currently intends to
concentrate its search for a target business operating in the
technology sector.
Each unit consists of one share of Class A common stock and
one-half of one redeemable warrant. Each whole warrant entitles the
holder thereof to purchase one share of Class A common stock at a
price of $11.50 per share. Only whole
warrants are exercisable. Once the securities comprising the units
begin trading separately, the Company expects that the shares of
Class A common stock and redeemable warrants will be listed on the
NYSE under the symbols "ATEK" and "ATEK WS," respectively.
Citigroup Global Markets Inc. ("Citigroup") served as sole
bookrunner and representative of the underwriters, and Roberts
& Ryan Investments, Inc., Siebert
Williams Shank & Co., LLC and Tigress Financial Partners
LLC acted as co-managers of the offering. The Company has granted
the underwriters a 45-day option to purchase up to an additional
3,750,000 units at the initial public offering price to cover
over-allotments, if any.
The offering was made only by means of a prospectus, copies
of which may be obtained by contacting Citigroup, Attention
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY, 11717, or by phone
at 800-831-9146.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission (the
"SEC") on December 9, 2021. This
press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such 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
the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the
terms described, or at all, or 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 of
these documents 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.
Contacts
Isabelle Freidheim
Chief Executive Officer and Chairman of the Board
c/o Athena Technology Acquisition Corp. II
442 5th Avenue
New York, NY 10018
Telephone: (970) 925-1572
Media Contact
Jacalyn Lawton
Lambert & Co.
Mobile: (918) 916-1905
Email: athena@lambert.com
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SOURCE Athena Technology Acquisition Corp. II