Athena Consumer Acquisition called an Aug. 14 meeting for stockholders to vote on the proposed business combination with e.GO, a German maker of electric vehicles. The redemption deadline is Aug. 10 at 5 p.m.
At deal announcement a year ago, the transaction was expected to provide gross proceeds of up to approximately $285 million to e.GO. That was before redemptions ahead of six deadline extensions began to erode the cash in trust.
Athena lost 91% of its shares to redemptions ahead of an extension vote in January.
The SPAC has secured $15 million in bridge financing and still holds about $21.4 million in trust. Read more.
