---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-031167"
form_type: "8-K"
ticker: "ATEK"
cik: "0001882198"
company_name: "Athena Technology Acquisition Corp. II"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:47:46.610497+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Athena Tech SPAC II to merge with Air Water Company at $300M enterprise value

## Summary
- Athena (ATEK) entered a definitive Business Combination Agreement with Air Water Company, a clean water technology firm.
- Equity consideration of $300M for Air Water shareholders, paid in Holdings ordinary shares at $10.00/share.
- Athena must secure at least $30M PIPE investment; deal subject to shareholder and regulatory approvals.
- Outside date is June 14, 2023, automatically extendable to Jan 14, 2024 if shareholder extension approved.
- Lock-ups: 6-month for 75% of company shares; sponsor/insider shares locked 6-18 months with $12.50/$15.00 price hurdles.

## SEC filing metadata
- accession: 0001213900-23-031167
- form_type: 8-K
- ticker: ATEK
- cik: 0001882198
- company_name: Athena Technology Acquisition Corp. II
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1882198/000121390023031167/0001213900-23-031167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1882198/000121390023031167/ea177209-8k425_athena2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-031167
- JSON: https://secwatch.observer/filing/0001213900-23-031167.json
- Plain text: https://secwatch.observer/filing/0001213900-23-031167.txt

## Key facts
- Material Agreements
  Athena Technology Acquisition Corp. II entered into Business Combination Agreement with The Air Water Company, Project Hydro Merger Sub Inc., Air Water Ventures Ltd, and those shareholders of the Company party thereto valued at $300,000,000 (effective 2023-04-19).
  - Action: entry
  - Agreement: merger
  - Counterparty: The Air Water Company, Project Hydro Merger Sub Inc., Air Water Ventures Ltd, and those shareholders of the Company party thereto
  - Value: $300,000,000
  - Effective: 2023-04-19
  source text: On April 19, 2023, Athena Technology Acquisition Corp. II, a Delaware corporation (“ Athena ”), Athena Technology Sponsor II, LLC, a Delaware limited liability company (“ Sponsor ”), The Air Water Company, a Cayman Islands exempted company (“ Holdings ”), Project Hydro Merger Sub Inc., a Delaware corporation (“ Merger Sub ”), Air Water Ventures Ltd, a private company formed under the Laws of England and Wales (the “ Company ”), and those shareholders of the Company party thereto (collectively, the “ Company Shareholders ”), entered into a Business Combination Agreement (the “ Business Combination Agreement ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1882198/000121390023031167/0001213900-23-031167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.