Athena Technology Acquisition Corp. II: directors' dealings · United States · SEC (Form 4)

About Athena Technology Acquisition Corp. II

Athena Technology Acquisition Corp. II is a U.S.-based special purpose acquisition company (SPAC) that was originally listed on NYSE American and, following delisting, is now quoted on the OTC Pink market under the symbols ATEK, ATEK.U and ATEK WS. The company was incorporated in Delaware on May 20, 2021 and, as of its latest SEC filing, it has not operated a conventional operating business. Its core purpose is to identify and complete a business combination with a private company through a merger, share exchange, asset acquisition, stock purchase or a similar transaction. In other words, Athena is a blank-check vehicle, so its investment case is driven by deal execution, sponsor quality and the attractiveness of the announced target rather than by recurring operating metrics. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001882198/000121390026025927/ea0280158-10k_athena2.htm)) At formation, Athena said it would concentrate its search on technology-sector targets, while retaining the flexibility to pursue a transaction in any industry. The company was positioned as part of the Athena brand led by founder Isabelle Freidheim, and its board and advisory network were highlighted for backgrounds in investing, public policy, media, entrepreneurship and capital markets. That matters for investors because in a SPAC structure the sponsor, board and transaction sourcing capability are often as important as the shell company itself. ([nasdaq.com](https://www.nasdaq.com/press-release/women-led-athena-technology-acquisition-corp.-ii-announces-board-of-directors-2021-12)) Recent corporate developments have been highly event-driven. Athena received extension approvals to prolong the deadline for completing a business combination, and the company also experienced filing delinquencies with the exchange. According to the latest annual report, NYSE American suspended trading in the company’s listed securities on December 10, 2024 and formally delisted them on December 30, 2024. The securities then moved to OTC Pink trading. The company also made repeated deposits into the trust account to fund additional monthly extensions, underscoring the time pressure typical of late-stage SPACs. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001882198/000121390026025927/ea0280158-10k_athena2.htm)) On the transaction side, Athena entered into a Business Combination Agreement on December 4, 2024 with Ace Green Recycling, Inc. The company disclosed in April 2025 that a Form S-4 registration statement was filed with the SEC and that both Athena and Ace Green would hold shareholder meetings for the proposed merger. Ace Green is presented as the operating business to be combined with Athena, which would make the deal the key value driver for the public shell. For international investors, the key takeaway is that Athena Technology Acquisition Corp. II is not a traditional revenue-generating enterprise; it is a U.S. SPAC whose profile depends primarily on whether the Ace Green transaction closes successfully and on the terms ultimately approved by shareholders and regulators. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1882198/000121390026010178/ea0274826-8k425_athena2.htm))