Athena Consumer Acquisition announced today that the conditions to closing its shareholder-approved merger with German EV maker e.Go remain unsatisfied.
“The parties are working together to expeditiously satisfy such closing conditions, including obtaining the approval of Nasdaq” to list the combined company, Athena said in a statement.
There can be no assurance that the business combination will be completed by the SPAC’s Oct. 22 termination date, Athena added.
The SPAC’s shareholders approved the deal Sept. 29. Although the vote to merge was unanimous, redemptions since the deal was announced in July 2022 have erased 99.6% of Athena’s cash in trust. Read more.
