Athena Technology Acquisition Corp II (OTCPK: ATEK) is a blank check company formed to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, or similar business combination with one or more target businesses. The company holds proceeds from its initial public offering in a Trust Account and generates no operating revenue while searching for an acquisition target. Units, Class A common stock, and warrants trade on OTC Markets under symbols ATEK.U, ATEK, and ATEK WS, respectively. As of March 6, 2026, there was one holder of record of Class A common stock. The company pays its Sponsor a monthly fee of $10,000 for office space and administrative services, a cost that began December 9, 2021. A pending business combination with Ace Green Recycling was disclosed in the 10-K filed March 11, 2026, with Citigroup having waived deferred underwriting commissions of $8,956,250 contingent on that transaction closing. CEO and Chairperson is Isabelle Freidheim; CFO is Jennifer Calabrese; President and Director is Kirthiga Reddy.

Revenue model

No operating revenue. The company holds IPO proceeds in a Trust Account. Sponsor pays $10,000 per month for office space and administrative services provided to the company. Deferred underwriting commissions of $8,956,250 were waived by Citigroup as of January 28, 2025, contingent on completion of the business combination with Ace Green Recycling.

Products and services

Blank check SPAC vehicle. Securities include units (ATEK.U), Class A common stock (ATEK), and warrants (ATEK WS), all traded on OTC Markets OTCPK as of the 10-K filed March 11, 2026.

Customers and end markets

Public stockholders holding Class A common stock and warrants. No operating customers or end markets. Target acquisition criteria include businesses with committed management teams, proprietary deal sourcing, and platform for inorganic growth.

Value-chain role

Special purpose acquisition company. Raises capital through a public offering, holds funds in trust, and seeks to complete one initial business combination. Polar Capital Investments contributed $400,000 in working capital under an August 2025 subscription agreement.

Geographic exposure

Incorporated in the United States. Filing indicates willingness to consider targets with operations outside the United States, including multiple jurisdictions.

Source: SEC 10-K, filed 2026-03-11

Industry: Hazardous Waste Management