Athena Consumer Acquisition priced its IPO of 20 million units at $10 each. Units begin trading today on the NYSE under ACAQ.U.
Athena Consumer is the second all-women Athena SPAC founded by Freidheim following Athena Technology Acquisition, which was the first all-women SPAC to announce a business combination (with solar company Heliogen), the company said in a news release.
The new SPAC intends to concentrate its search for a target business operating in the technology and consumer sectors.
Each unit consists of one share of Class A common stock and one-half of a warrant.
Once the units begin trading separately, shares and warrants will list under ACAQ and ACAQ WS.
Citigroup is sole book-runner and representative of the underwriters, and Ladenburg Thalmann is co-manager. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any. Read more.
