Athena Consumer Acquisition Corp.: M&A transaction — Athena Consumer Acquisition completes business combination with e.GO; new entity to trade on Nasdaq as EGOX

Athena Consumer Acquisition Corp.

Business combination closed Oct 19, 2023; TopCo shares to begin trading on Nasdaq under ticker 'EGOX' on Oct 20.
e.GO shareholders receive up to 79,019,608 TopCo shares (~85% ownership), including 20M unvested earn-out shares.
Athena shareholders redeemed ~784,880 shares pre-closing; each Athena warrant exchanged for 0.175 TopCo shares.
TopCo to issue up to $25M unsecured subordinated convertible note (8% interest, convertible at $10/share) for expenses.
All Athena officers/directors resigned; Athena's units, stock, and warrants to be delisted from NYSE American.

item 1.01 item 1.02 item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Athena Consumer Acquisition Corp. underwent a change of control involving Next.e.GO Mobile SE for 79,019,608 newly issued TopCo ordinary shares (closed 2023-10-19).

Action: change of control
Counterparty: Next.e.GO Mobile SE
Consideration: 79,019,608 newly issued TopCo ordinary shares
Closing: 2023-10-19

Exact text from the filing

y and among Athena, Next.e.GO Mobile SE, a European company incorporated in Germany (“ e.GO ”), Next.e.GO B.V.,

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Source: SEC EDGAR

accession 0001013762-23-005147

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