Athena Technology Acquisition II plans merger with Ace Green

An update from Athena Technology Acquisition Corp II Class A ( (ATEK) ) is now available.

On December 4, 2024, Athena Technology Acquisition Corp. II signed a Business Combination Agreement with Ace Green Recycling, Inc. and a merger subsidiary under which the subsidiary will merge into Ace Green, leaving Ace Green as a wholly owned subsidiary of Athena and its security holders becoming security holders of Athena. Both Athena and Ace Green plan to hold special stockholder meetings to vote on the transaction, which is detailed in a registration statement filed with the SEC on April 30, 2025, and Ace Green’s management has prepared an investor presentation for potential investors. The deal remains subject to multiple closing conditions, including stockholder approvals and a Nasdaq listing of the combined company’s shares, and the parties highlight extensive risks around Ace Green’s limited operating history, capital needs, execution and regulatory challenges for its U.S. expansion, customer concentration, commodity price volatility, and the possibility the merger could be delayed, terminated, or adversely affect the trading performance of Athena’s stock.

More about Athena Technology Acquisition Corp II Class A

Athena Technology Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) focused on effecting mergers or similar business combinations, and it has entered into an agreement to combine with Ace Green Recycling, Inc., a battery recycling technology company built on proprietary intellectual property and developing large-scale recycling facilities, including a flagship U.S. plant aimed at serving the growing green energy and recovered-materials markets.

Technical Sentiment Signal: Buy

Current Market Cap: $99.34M

Find detailed analytics on ATEK stock on TipRanks’ Stock Analysis page.