secwatch.observer — SEC 8-K summary
======================================

Issuer:     Athena Technology Acquisition Corp. II (ATEK)
CIK:        0001882198
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001213900-23-031167
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882198/000121390023031167/0001213900-23-031167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882198/000121390023031167/ea177209-8k425_athena2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-031167

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer