Athena Technology Acquisition II, a blank check company targeting fintech, enterprise, and health-tech industries, filed on Tuesday with the SEC to raise up to $250 million in an initial public offering.
The company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Athena Technology Acquisition II would command a market value of $347 million.
Athena Technology Acquisition II is led by Chairman and CEO Isabelle Freidheim, co-founder and former Managing Partner of Castle VC (formerly Starwood VC), and founder and Chairman of two other SPACs (ATHN, ACAQ.U). She is joined by CFO Anna Apostolova, a private equity investor at 7RIDGE, and President and Director Kirthiga Reddy, co-founder of F7 Ventures and former Investment Partner at SoftBank Investment Advisers. Athena Technology Acquisition intends to focus on identifying businesses in the fintech, enterprise, deep tech, and health-tech industries, but will not target those with speculative business plans or excessive leverage.
The New York, NY-based company was founded in 2021 and plans to list on the NYSE under the symbol ATEK.U. Athena Technology Acquisition II filed confidentially on October 18, 2021. Citi is the sole bookrunner on the deal.
