Athena Tech II Withdraws Prior Financial Statements
Ticker: ATEKW · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1882198
Sentiment: neutral
Topics: financial-restatement, accounting-issue, disclosure
Related Tickers: ATEK
TL;DR
Athena Tech II is ditching old financials - big restatement incoming?
AI Summary
Athena Technology Acquisition Corp. II announced on September 10, 2024, that it will not rely on previously issued financial statements or related audit reports. This decision impacts the company's financial reporting and may require restatements.
Why It Matters
This filing indicates potential inaccuracies in past financial reporting, which could lead to investor uncertainty and require significant corrective actions by the company.
Risk Assessment
Risk Level: medium — The non-reliance on previously issued financial statements suggests potential accounting issues or errors that could impact the company's valuation and future reporting.
Key Players & Entities
- Athena Technology Acquisition Corp. II (company) — Registrant
- September 10, 2024 (date) — Date of earliest event reported
FAQ
What specific financial statements are no longer reliable?
The filing states that the company will not rely on 'previously issued financial statements or a related audit report or completed interim review,' implying all such prior reports are affected.
What is the reason for not relying on the previous financial statements?
The filing does not specify the exact reason but falls under the 'Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review' item, suggesting a material issue.
When was the earliest event reported?
The earliest event reported was on September 10, 2024.
What is the company's ticker symbol?
The filing mentions 'ATEK' in relation to its units, shares, and warrants, indicating ATEK is the ticker symbol.
What is the company's state of incorporation?
The company is incorporated in Delaware.
Filing Stats: 823 words · 3 min read · ~3 pages · Grade level 13.9 · Accepted 2024-09-13 16:37:00
Key Financial Figures
- $0.0001 — hare of Class A Common Stock, par value $0.0001 per share, and one-half of one Redeemab
- $11.50 — r one share of Class A Common Stock for $11.50 per share ATEK WS NYSE American I
- $1.5 million — rding and presentation of approximately $1.5 million of funds withdrawn from the Company's t
Filing Documents
- ea0214400-8k_athena2.htm (8-K) — 34KB
- 0001213900-24-078600.txt ( ) — 258KB
- atek-20240910.xsd (EX-101.SCH) — 4KB
- atek-20240910_def.xml (EX-101.DEF) — 27KB
- atek-20240910_lab.xml (EX-101.LAB) — 37KB
- atek-20240910_pre.xml (EX-101.PRE) — 25KB
- ea0214400-8k_athena2_htm.xml (XML) — 8KB
01 Other Events
Item 8.01 Other Events. On September 12 , 2024, the Company caused to be deposited $ 25,755.62 into the Company's trust account allowing it to extend the period of time it has to consummate its initial business combination by one month from September 14, 2024 to October 14, 2024 (the "Monthly Extension"). The Monthly Extension is the seventh of up to nine potential monthly extensions permitted under the Company's Amended and Restated Certificate of Incorporation, as amended. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 13, 2024 ATHENA TECHNOLOGY ACQUISITION CORP. II By: /s/ Isabelle Freidheim Name: Isabelle Freidheim Title: Chief Executive Officer 2