secwatch.observer — SEC 8-K summary
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Issuer:     Athena Technology Acquisition Corp. II (ATEK)
CIK:        0001882198
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0001213900-24-105756
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Athena Technology Acquisition Corp. II signs definitive business combination with Ace Green Recycling
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- SPAC Athena to merge with Ace Green Recycling via Merger Sub; Ace survives as wholly owned subsidiary.
- Earnout shares: up to 10.5M shares to Ace shareholders and 1.5M to sponsor based on stock price over 5 years post-close.
- Minimum closing cash condition: at least $7.5M from PIPE investment and trust account after redemptions.
- Outside date December 3, 2025; termination fees $5,000 (Athena breach) or $150,000 (Ace breach).
- Sponsor and key Ace shareholders entered voting/support agreements and 180-day lock-up agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882198/000121390024105756/0001213900-24-105756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882198/000121390024105756/ea0223406-8k425_athena2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-105756

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