Athena Consumer Acquisition registered to offer 20 million units at $10 each. A unit consists of one share and one-third of a redeemable warrant; whole warrants exercisable for a share at $11.50.
The SPAC’s primary focus is on companies operating in technology-enabled consumer goods or service sectors.
The SPAC is led by Chairman Isabelle Freidheim, founder and chairman of Athena Technology Acquisition, one of the first all women SPACs. Athena Technology earlier this month announced a $2 billion deal with solar company Heliogen. CEO Jane Park is the founder of TokkiWrap (dba Tokki), a Seattle-based sustainable gifting technology company.
Citigroup is sole book-running manager. The underwriters have an option to purchase up to 3 million additional units to cover over-allotments, if any.
The SPAC intends to apply for a NYSE listing under ACAQ.U. Read more.
