Athena Consumer Acquisition said it intends to convene and then adjourn the stockholders meeting originally scheduled for tomorrow. The meeting will reconvene Friday, Sept. 29 at 4:30 p.m. Eastern, when shareholders are expected to vote on whether to combine with German EV maker e.Go.
At deal announcement a year ago, the transaction was expected to provide gross proceeds of up to approximately $285 million to e.GO. However, Athena lost 91% of its shares to redemptions ahead of an extension vote in January. The e.Go deal was announced in July 2022.
The SPAC has since secured $15 million in bridge financing and holds about $10.4 million in trust.
The deal has a $50 million minimum cash condition to close. Read more.
