Athena Consumer Acquisition Corp. Provides Update on Business Combination with Next.e.GO Mobile SE

Athena Consumer Acquisition Corp. (NYSE: ACAQ) has recently provided an update regarding the status of its business combination with Next.e.GO Mobile SE (e.GO). The closing conditions for the transaction have not yet been satisfied, resulting in a delay in the completion of the business combination.

Athena Consumer, e.GO, TopCo, and Merger Sub are actively working together to expedite the fulfillment of the closing conditions. One of the key requirements is obtaining Nasdaq’s approval to list TopCo’s ordinary shares after the business combination is finalized. However, there is no guarantee that the transaction will be consummated within the timeframe specified in Athena Consumer’s governing documents, which currently set the deadline for October 22, 2023.

Athena Consumer Acquisition Corp. is a special purpose acquisition company (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. Notably, all three Athena SPACs have been led entirely by women founders, CEOs, board members, and other executives.

Headquartered in Aachen, Germany, e.GO specializes in designing and manufacturing battery electric vehicles for urban environments. Their focus is on creating convenient, reliable, and affordable electric vehicles. e.GO has already introduced its electric vehicles on the roads, utilizing proprietary technologies and low-cost MicroFactories. The company aims to revolutionize urban mobility, making clean and convenient transportation a reality.

While the business combination between Athena Consumer and e.GO has not yet closed, both parties remain committed to completing the transaction. However, there are several factors that could impact the timeline, including regulatory approvals and the satisfaction of closing conditions.

Investors and stakeholders are advised to consider the inherent uncertainties and risks associated with forward-looking statements. The outcome of the business combination and the projected financial impacts are subject to various factors beyond the control of Athena, e.GO, and TopCo. These factors include changes in market conditions, regulatory environments, and global economic circumstances.

As the parties continue to work towards closing the business combination, further updates will be provided. Interested individuals can visit Athena Consumer Acquisition Corp.’s official website for more information.