8-K
filed March 18, 2024, 7:59 PM ET
ticker ATEK
CIK 0001882198
other material
confidence high
sentiment neutral
materiality 0.60
Athena Tech SPAC II extends deadline to Dec 2024; 910k shares redeemed in trust vote
Athena Technology Acquisition Corp. II
- Shareholders approved charter amendment extending business combination deadline to December 14, 2024 via up to nine monthly extensions.
- Amendment also removes the $5,000,001 net tangible asset redemption limitation.
- 10,735,507 votes for extension proposal vs 2 against; 10,735,103 for redemption-limit removal vs 406 against.
- 910,258 shares redeemed at ~$11.16/share, withdrawing $10,156,503.84 from trust account.
- Sponsor deposited $25,755.62 for first one-month extension to April 14, 2024.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Athena Technology Acquisition Corp. II: Amended charter to extend the business combination deadline from March 14, 2024 to December 14, 2024 and to eliminate the $5,000,001 net tangible asset redemption limitation (effective 2024-03-12).
- Change
- charter amendment
- Effective
- 2024-03-12
Exact text from the filing
The Amendment (i) extends the date by which the Company must consummate its initial business combination on a monthly basis for up to nine times by an additional one month each time for a total of up to nine months from March 14, 2024 (the date which is 27 months from the closing date of the Company's initial public offering (the "IPO") of units) (the "Current Outside Date") to December 14, 2024 (the date which is 36 months from the closing date of the IPO) (the "Extended Date") provided that Athena Technology Sponsor II, LLC (the "Sponsor") or its affiliates or permitted designees deposits into the trust account established by the Company in connection with the IPO (the "trust account") the lesser of (a) $40,000 and (b) $0.02 for each share of the Company's common stock issued and outstanding that has not been redeemed in accordance with the terms of the charter upon the election of each such one-month extension unless the closing of the Company's initial business combination shall ha
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Athena Technology Acquisition Corp. II shareholders approved Second Extension Amendment Proposal – to amend the charter to extend the date by which the Company must consummate a business combination at the 2024-03-12 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-03-12
Exact text from the filing
The Second Extension Amendment Proposal - To approve and amend the charter to extend the date by which the Company must consummate a business combination from the Current Outside Date to up to the Extended Date. For Against Abstain 10,735,507 2 25
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Athena Technology Acquisition Corp. II shareholders approved Redemption Limitation Amendment Proposal – to amend the charter to eliminate the limitation that the Company may not redeem public shares in an amount that would cause net tangible assets to be less than $5,000,001 at the 2024-03-12 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-03-12
Exact text from the filing
The Redemption Limitation Amendment Proposal - To approve and amend the charter to eliminate the limitation that the Company may not redeem public shares in an amount that would cause the Company’s net tangible assets to be less than $5,000,001 immediately prior to or upon consummation of an initial business combination. For Against Abstain 10,735,103 406 25
View on SEC.gov
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