Tech SPAC Athena Technology Acquisition II Looks To Raise US$250 Million In IPO

Blank check company Athena Technology Acquisition Corp. II (NYSE: ATEK.U) went public today on the New York Stock Exchange. The company is seeking to raise US$250.0 million through its initial public offering.

The offering consists of 25.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share and one-half of a purchase warrant. Each whole warrant is redeemable to purchase one common share at US11.50 per share.

The units will be trading under the symbol “ATEK.U” but once the securities are separated, the common shares and the purchase warrants will be trading on the big board under the symbols “ATEK” and “ATEK.WS”, respectively.

Citigroup Global Markets serves as the sole bookrunner for the offering. The company has granted the underwriters a 45-day over-allotment option to purchase additional 3.75 million company units at the same IPO price.

The blank check firm is the third all-women SPAC founded by fintech firm Magnifi’s co-founder Isabelle Freidheim. On the first two: Athena Technology Acquisition is currently having its proposed business combination with solar power firm Heliogen approved by its shareholders while Athena Consumer Acquisition closed its US$230 million IPO in October 2021.

The company plans to target businesses that are operating in the technology sector.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Oncology Firm TransCode Therapeutics Looks To Raise US$25 Million In IPO

Oncology company TransCode Therapeutics, Inc. is set to begin publicly trading its equityon the Nasdaq...

Friday, July 9, 2021, 09:53:00 AM

Ecommerce Firm GigaCloud Soars 206% Since US$36 Million Nasdaq IPO

B2B ecommerce solutions provider GigaCloud Technology Inc (Nasdaq: GCT) started trading on the Nasdaq Capital...

Monday, August 22, 2022, 02:41:00 PM

PropTech SPAC Jaguar Global Growth Prices US$200 Million IPO

Special purpose acquisition company Jaguar Global Growth Corporation I (Nasdaq: JGGCU) started trading on the...

Monday, February 14, 2022, 02:12:00 PM

Silver Mountain Resources Seeks To Raise $23 Million In TSXV IPO

Mining firm Silver Mountain Resources Inc. is looking to go public on the TSX Venture...

Monday, January 24, 2022, 02:20:00 PM

Renewable Energy SPAC AP Acquisition Prices US$150 Million IPO

Special purpose acquisition company AP Acquisition Corp (NYSE: APCA.U) went public today on the New...

Friday, December 17, 2021, 02:23:00 PM