Athena Consumer Acquisition Corp. (ACAQ) Completes e.GO Deal
Athena Consumer Acquisition Corp. (NASDAQ:ACAQ) announced this afternoon that it has completed its combination with German EV-maker e.GO.
The deal was originally approved by shareholders at a meeting on September 29, but at the time, Athena Consumer did not provide an exact timeline for the closing. In connection with the completion vote, a total of 884,880 shares of Athena Class A Common Stock were redeemed, but a total of 22,033,660 shares had been redeemed at two prior extension meetings. After all votes, just 81,460 public SPAC shares remain for a total redemption of 99.6% of the trust.
The combined company’s shares will commence trading on the Nasdaq under the ticker symbol “EGOX,” on October 20.
Athena announced its $913 million merger with e.GO in July 2022. Aachen, Germany-based e.GO designs and manufactures compact EVs designed for urban markets at microfactories, which it believes will provide a more capital efficient entry to the market.