Athena Consumer Acquisition Corp. Announces Fifth Extension Of Deadline To Complete Initial Business Combination, To June 22, 2023
Portfolio Pulse from Benzinga Newsdesk
Athena Consumer Acquisition Corp. (NYSE: ACAQ) has announced a fifth extension of the deadline to complete its initial business combination, moving the date from May 22, 2023 to June 22, 2023. The company's sponsor, Athena Consumer Acquisition Sponsor LLC, has deposited $112,691.48 into Athena's trust account in connection with this extension.
May 22, 2023 | 6:40 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Athena Consumer Acquisition Corp. (ACAQ) extends its deadline for completing an initial business combination to June 22, 2023, with its sponsor depositing $112,691.48 into the trust account.
The extension of the deadline for completing the initial business combination may not have a significant short-term impact on ACAQ's stock price, as it is a common occurrence in the SPAC industry. However, the additional funds deposited by the sponsor show commitment to the process, which could be seen as a positive sign by investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100