Athena Consumer Acquisition has deployed its fourth extension, pushing its merger deadline back from April 22 until May 22. Its sponsor deposited $112,691.48 into the SPAC’s trust account for the additional month. Two more montlhy extension periods are available.
Athena has a pending deal with German EV maker e.Go.
The SPAC disclosed in February that its forward purchase agreement with Vellar Opportunity Fund SPV was terminated. Vellar was to purchase up to 15 million shares. This followed a January setback when Athena lost 91% of its shares to redemptions ahead of an extension vote.
The SPAC has secured $15 million in bridge financing and still holds about $21.4 million in trust. Read more.
