Athena Consumer Acquisition Corp. (NYSE: ACAQ) announced this afternoon that it has postponed its completion vote for its business combination with EV-maker e.GO.
The special meeting, initially planned for August 14, is currently awaiting a new date to be determined. Athena expects to announce the rescheduled date promptly after the SEC declares the registration statement effective.
As a result of this postponement, the record date determining which stockholders are eligible to vote will change, and the redemption deadline will be extended to 5:00 p.m., ET, two business days prior to the new meeting date.
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.
The SPAC originally planned to finance the deal with $235 million from its trust, but saw 95.8% of that removed from redemptions during a recent extension vote, leaving it with approximately $10.4 million post-vote.
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