Betsy Z. Cohen’s FTAC Athena Acquisition will dissolve Feb. 24 as it will not meet the deadline for closoing a merger.
The per-share redemption price will be approximately $10.17, according to a press release announcing the liquidation.
The SPAC earlier this month cancelled a meeting during which shareholders were set to vote on a proposal to push the deadline back to August.
A year ago the SPAC terminated a planned merger with Pico, a provider of technology, data and analytic services for financial markets, due to the target’s “failure to deliver financial information as required by the Business Combination Agreement.”
FTAC Athena raised $220 million in a February 2021 IPO. Read more.
Cohen’s FTAC Hera Acquisition plans to liquidate March 8 and redeem shares at $10.17 each. FTAC Hera raised $800 million in March 2021 with plans to target technology and financial services technology, or fintech, companies that power transformation and innovation. Read more.
Daniel Cohen’s FTAC Parnassus Acquisition will shutter operations March 16 with a per-share redemption price of approximately $10.13. The fintech-focused SPAC raised $220 million in a March 2021 IPO. Read more.
