Athena Tech Acquisition II Files Q3 2024 10-Q
Ticker: ATEKW · Form: 10-Q · Filed: Feb 7, 2025 · CIK: 1882198
Sentiment: neutral
Topics: spac, 10-q, quarterly-report
TL;DR
Athena Tech II filed its 10-Q for Q3 2024. No major business combination announced yet.
AI Summary
Athena Technology Acquisition Corp. II filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, incorporated in Delaware, is a blank check company (SIC code 6770) with its principal executive offices located at 442 5th Avenue, New York, NY. The filing was made on February 7, 2025, under SEC file number 001-41144.
Why It Matters
This filing provides an update on the financial status and operations of Athena Technology Acquisition Corp. II, a special purpose acquisition company, which is crucial for investors tracking its progress towards a potential business combination.
Risk Assessment
Risk Level: medium — As a SPAC, Athena Technology Acquisition Corp. II faces inherent risks related to its ability to identify and complete a business combination within its specified timeframe.
Key Players & Entities
- Athena Technology Acquisition Corp. II (company) — Registrant
- September 30, 2024 (date) — Quarterly period end date
- February 7, 2025 (date) — Filing date
- 001-41144 (other) — SEC File Number
- Delaware (location) — State of Incorporation
- 6770 (other) — Standard Industrial Classification (Blank Checks)
- 442 5th Avenue, New York, NY 10018 (address) — Principal Executive Offices
FAQ
What is the primary purpose of this Form 10-Q filing for Athena Technology Acquisition Corp. II?
This Form 10-Q filing provides a quarterly report for the period ended September 30, 2024, detailing the financial condition and operational activities of Athena Technology Acquisition Corp. II.
When was this 10-Q filing submitted to the SEC?
The filing was submitted to the SEC on February 7, 2025.
What is Athena Technology Acquisition Corp. II's Standard Industrial Classification (SIC) code, and what does it indicate?
Athena Technology Acquisition Corp. II has a SIC code of 6770, which identifies it as a 'Blank Checks' company, commonly known as a Special Purpose Acquisition Company (SPAC).
Where are Athena Technology Acquisition Corp. II's principal executive offices located?
The company's principal executive offices are located at 442 5th Avenue, New York, NY 10018.
What is the SEC file number associated with Athena Technology Acquisition Corp. II?
The SEC file number for Athena Technology Acquisition Corp. II is 001-41144.
Filing Stats: 4,791 words · 19 min read · ~16 pages · Grade level 18 · Accepted 2025-02-07 16:05:23
Key Financial Figures
- $0.0001 — ares of Class A common stock, par value $0.0001 per share, and 0 shares of Class B comm
Filing Documents
- ea0229106-10q_athena2.htm (10-Q) — 666KB
- ea022910601ex31-1_athena2.htm (EX-31.1) — 12KB
- ea022910601ex31-2_athena2.htm (EX-31.2) — 12KB
- ea022910601ex32-1_athena2.htm (EX-32.1) — 5KB
- ea022910601ex32-2_athena2.htm (EX-32.2) — 5KB
- 0001213900-25-011305.txt ( ) — 4627KB
- atek-20240930.xsd (EX-101.SCH) — 40KB
- atek-20240930_cal.xml (EX-101.CAL) — 24KB
- atek-20240930_def.xml (EX-101.DEF) — 233KB
- atek-20240930_lab.xml (EX-101.LAB) — 352KB
- atek-20240930_pre.xml (EX-101.PRE) — 238KB
- ea0229106-10q_athena2_htm.xml (XML) — 443KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.
Controls and Procedures
Controls and Procedures 34
– OTHER INFORMATION
PART II – OTHER INFORMATION 36 Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 38
INTERIM FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. INTERIM FINANCIAL STATEMENTS (UNAUDITED) ATHENA TECHNOLOGY ACQUISITION CORP. II CONDENSED BALANCE SHEETS September 30, 2024 December 31, 2023 (Unaudited) ASSETS CURRENT ASSETS Cash $ 159,864 $ — Cash and cash equivalents – restricted 38,231 1,824,893 Prepaid income taxes 475,743 — Due from Sponsor 12,102 120,000 Total current assets 685,940 1,944,893 Investments held in Trust Account 14,960,544 24,387,525 TOTAL ASSETS $ 15,646,484 $ 26,332,418 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payable and accrued expenses $ 4,069,621 $ 3,118,380 Note payable - related party, net of discount 1,100,000 360,060 Convertible note - related party 422,182 — Due to related party 181,029 80,020 Excise tax payable 2,497,846 2,396,049 Franchise tax payable 47,100 75,086 Income tax payable — 1,540,792 Total current liabilities 8,317,778 7,570,387 Deferred underwriting fee payable 8,956,250 8,956,250 TOTAL LIABILITIES 17,274,028 16,526,637 COMMITMENTS AND CONTINGENCIES CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION Class A Common stock subject to possible redemption, $ 0.0001 par value, 1,287,781 and 2,198,039 shares at redemption value of $ 11.98 and $ 11.30 per share at September 30, 2024 and December 31, 2023, respectively 15,427,418 24,837,068 STOCKHOLDERS' DEFICIT Preferred stock, $ 0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at September 30, 2024 and December 31, 2023 — — Class A common stock; $ 0.0001 par value; 100,000,000 shares authorized; 9,835,000 shares issued and outstanding (excluding 1,287,781 and 2,198,039 shares subject to possible redemption) at September 30, 2024 and December 31, 2023, respectively 983 983 Class B common stock; $ 0.0001 par value; 10,000,000 shares authorized; none issued or outstanding at September 30, 2024 and December 31, 2023 —