NEW YORK, Oct. 22, 2021 /PRNewswire/ -- Athena Consumer
Acquisition Corp. ("Athena Consumer" or the "Company"), a newly
incorporated blank check company, today announced the closing of
its initial public offering of 23,000,000 units at a price of
$10.00 per unit, including 3,000,000
units pursuant to the full exercise of the underwriters'
overallotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of
$230,000,000. The units began trading
on the New York Stock Exchange ("NYSE") and trade under the ticker
symbol "ACAQ.U " on October 20,
2021.
Athena Consumer is the second all-women Athena SPAC founded by
Isabelle Freidheim following Athena
Technology Acquisition Corp., which was the first all-women SPAC to
announce a business combination.
The Company was formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue an initial business
combination target in any industry, it currently intends to
concentrate its search for a target business operating in the
technology and consumer sectors.
Each unit consists of one share of Class A common stock and
one-half of one redeemable warrant. Each whole warrant entitles the
holder thereof to purchase one share of Class A common stock at a
price of $11.50 per share. Only whole
warrants are exercisable. Once the securities comprising the units
begin trading separately, the Company expects that the shares of
Class A common stock and redeemable warrants will be listed on the
NYSE under the symbols "ACAQ" and "ACAQ WS," respectively.
Citigroup Global Markets Inc. ("Citigroup") served as sole
bookrunner and representative of the underwriters, and
Ladenburg Thalmann & Co. Inc. acted as co-manager of the
offering.
The offering was made only by means of a prospectus, copies
of which may be obtained by contacting Citigroup, Attention
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY, 11717, or by phone
at 800-831-9146.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission (the
"SEC") on October 19, 2021. This
press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the SEC. Copies of these documents are available on the
SEC's website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contacts
Isabelle Freidheim
Chairman of the Board
Jane Park
Chief Executive Officer
c/o Athena Consumer Acquisition Corp.
442 5th Avenue
New York, NY 10018
Telephone: (970) 925-1572
Media Contact
Jacalyn Lawton
Lambert & Co.
Mobile: (918) 916-1905
Email: athena@lambert.com
View original
content:https://www.prnewswire.com/news-releases/athena-consumer-acquisition-corp-announces-closing-of-230-million-initial-public-offering-including-full-exercise-of-the-over-allotment-option-301406802.html
SOURCE Athena Consumer Acquisition Corp.