Athena Consumer Acquisition announced that its stockholders meeting to vote on a proposed combination with German EV maker e.Go has been postponed.
Originally scheduled for Aug. 14, the meeting will be rescheduled after the registration statement on the deal is declared effective by the SEC.
Athena said it would issue a press release announcing the new date and time for the meeting once it is determined. As a result of the change, the record date for stockholders eligible to vote will change, and the redemption deadline will be extended to 5 p.m. Eastern, two business days prior to the new meeting date.
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.
