secwatch.observer — SEC 8-K summary
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Issuer:     Athena Technology Acquisition Corp. II (ATEK)
CIK:        0001882198
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001213900-26-047101
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Athena II and Ace Green Recycling secure $32M PIPE financing for proposed business combination
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- PIPE investors to purchase 3.33M shares of 12% Series A Cumulative Convertible Preferred Stock at $12/share conversion, plus 5M warrants at $12 exercise, for $32M.
- Business combination agreement amended to increase authorized preferred shares from 1M to 5M to accommodate Series A issuance.
- Proceeds expected to fund Ace Green's Texas recycling facility development, expansion, and general corporate purposes.
- Closing of PIPE expected concurrently with business combination, subject to stockholder approvals and listing on Nasdaq under 'AGXI'.
- PIPE led by sector-focused institutional investors; supports Ace's battery recycling platform scale-up and domestic supply chain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882198/000121390026047101/0001213900-26-047101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882198/000121390026047101/ea0287487-8k425_athena2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-047101

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