Athena Consumer Acquisition, a blank check company targeting technology-enabled consumer products and services, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Athena Consumer Acquisition is led by Chairman Isabelle Freidheim, co-founder and Managing Partner of Starwood VC.
The company aims to leverage management's experience to target technology-enabled goods and services companies, particularly those with differentiated relationships with their customers.
Athena Consumer is the second all-women Athena SPAC founded by Freidheim following Athena Technology Acquisition (ATHN), which is pending a business combination with solar power company Heliogen.
The New York, NY-based SPAC plans to list on the NYSE under the symbol ACAQ.U. Citi acted as sole bookrunner on the deal.
