Ace Green Recycling, Inc.
private/Athena Technology Acquisition Corp. IIATEKAthena Technology Acquisition Corp. II to merge with Ace Green Recycling
Key takeaways
- Athena Technology Acquisition Corp. II acquires Ace Green Recycling, Inc. — $250M aggregate (stock).
Deal value
$250M
stock
Per-share offer
—
Premium
—
Days to close
—
Term fee
—
Announced
Apr 24, 2026
Preliminary Proxy
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Definitive Proxy
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Record date
—
Shareholder vote
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Expected close
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No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.
No closing-condition data extracted.
No competing-bidder, activist, or dissident-proxy signals in the database for this target.
Acquirer side· Athena Technology Acquisition Corp. II
Legal
- · Peyton Worley
- · Scott W. Westhoff
“Peyton Worley, Scott W. Westhoff, Latham & Watkins LLP, 1271 Avenue of the Americas, New York, New York 10020, (212) 906-1200”
Target side· Ace Green Recycling, Inc.
Legal
- · Joseph M. Lucosky
- · Victoria Baylin
“Joseph M. Lucosky, Victoria Baylin, Lucosky Brookman LLP, 101 Wood Avenue South 5th Floor, Woodbridge, NJ 08830, (732) 395-4400”
| Firm | Role | Side | Deals in DB | |
|---|---|---|---|---|
| Latham & Watkins LLP | Legal | Acquirer | 3 | View deals → |
| Lucosky Brookman LLP | Legal | Target | 2 | View deals → |
- Apr 24, 2026this filing
Athena Technology Acquisition Corp. II to merge with Ace Green Recycling
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Athena Technology Acquisition Corp. II entered into a Business Combination Agreement with Ace Green Recycling, Inc. on December 4, 2024, whereby Athena's merger subsidiary will merge into Ace Green, with Ace Green as the surviving company. The transaction values Ace Green at $250,000,000 and will result in Athena being renamed "Ace Green Recycling, Inc." post-closing. The deal includes earnout provisions with up to 25,500,000 earnout shares for Ace Green securityholders and 1,500,000 sponsor earnout shares based on stock price performance and revenue/EBITDA targets over a three-year period.