Athena Consumer Acquisition Corp. Announces Third Extension of Deadline to Complete Initial Business Combination
22 3월 2023 - 11:58PM
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U, ACAQ, ACAQ WS)
(“Athena”), announced today that its board of directors (the
“Board”) has decided to extend the date by which Athena must
consummate an initial business combination (the “Deadline Date”)
from March 22, 2023 for an additional month, to April 22, 2023, and
that its sponsor, Athena Consumer Acquisition Sponsor LLC (the
“Sponsor”), deposited $112,691.48 into Athena’s trust account in
connection with this extension, the third of six potential
one-month extensions of the Deadline Date available to Athena.
Athena’s Second Amended and Restated Certificate
of Incorporation (the “Charter”) provides Athena the right to
extend the Deadline Date up to six times for an additional one
month each time (each, an “Extension”), from January 22, 2023 to up
to July 22, 2023. As previously disclosed, in January 2023, the
Board had implemented a first Extension and had extended the
initial Deadline Date to February 22, 2023, and in February 2023,
the Board had implemented a second Extension and had further
extended the Deadline Date to March 22, 2023. On March 20, 2023,
pursuant to the Charter, the Board determined to implement a third
Extension to allow additional time for Athena to complete its
initial business combination. On the same day, in connection with
the third Extension and pursuant to an unsecured promissory note
Athena and the sponsor of Athena, Athena Consumer Acquisition
Sponsor LLC (the “Sponsor”), entered into on January 17, 2023, the
Board delivered to the Sponsor a written request to draw down
$112,691.48 for the third month of the Extension. On March 21,
2023, the Sponsor deposited such contribution into Athena’s trust
account.
About Athena Consumer Acquisition Corp.
Athena Consumer Acquisition Corp. (NYSE: ACAQ.U,
ACAQ, ACAQ WS), incorporated in Delaware, is a special purpose
acquisition company (“SPAC”) incorporated for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses or entities. Athena is the second SPAC
founded by Isabelle Freidheim, with Jane Park serving as Chief
Executive Officer, Jennifer Carr-Smith as President and Angy Smith
as Chief Financial Officer. All three Athena SPACs have been
comprised entirely of women founders, CEOs, board members and other
executives.
Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”,
“intend”, “predict”, “should”, “would”, “predict”, “potential”,
“seem”, “future”, “outlook” or other similar expressions (or
negative versions of such words or expressions) that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Athena’s control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: the risk that approval of Athena’s
stockholders for the Extension is not obtained; the level of
redemptions made by Athena’s stockholders in connection with the
Extension and its impact on the amount of funds available in
Athena’s trust account to complete an initial business combination;
and those factors discussed in Athena’s Annual Report on Form 10-K
filed with the SEC on March 24, 2022, any subsequent Quarterly
Report on Form 10-Q filed with the SEC and in the other reports we
file with the SEC. Athena does not undertake any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
ContactClaire KerrBevel
PRAthena@bevelpr.com
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