Athena Technology Acquisition II in an 8-K said it has called off a deal with Air Water Ventures (AWV) by mutual agreement. No reason was given.
The SPAC said it intends to identify another target business.
Athena Technology II announced the $300 million deal in April. Headquartered in Abu Dhabi, AWV is a first mover in direct air-to-water technology, producing quality drinking water at a lower cost and environmental impact than bottled water.
The SPAC raised $250 million in an IPO two years ago. Read more.
