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

Issuer:     Athena Technology Acquisition Corp. II (ATEK)
CIK:        0001882198
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001213900-23-048940
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stockholders approved extension to March 2024; ~23M shares redeemed for $242M from trust
--------------------------------------------------------------------------------

- Special meeting on June 13, 2023 approved extending business combination deadline from June 14, 2023 to up to March 14, 2024.
- 23,176,961 Class A common shares were redeemed, resulting in ~$241.8M (approx. $10.43/share) withdrawn from trust account.
- Sponsor may extend monthly up to nine times by depositing lesser of $60,000 or $0.03 per unredeemed share per month.
- All three proposals (Extension Amendment, Founder Share Amendment, Trust Amendment) passed with 27,430,536 for and 423,056 against.
- Class B stockholders now have the right to convert shares to Class A on a one-for-one basis prior to a business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882198/000121390023048940/0001213900-23-048940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882198/000121390023048940/ea180359-8k425_athena2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-048940

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