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Athena Technology Acquisition Corp II Class A ( (ATEK) ) just unveiled an update.
Athena Technology Acquisition Corp. II and Ace Green Recycling, Inc. have entered a business combination agreement, positioning Ace as a wholly-owned subsidiary of Athena. This merger highlights Ace’s innovative technology in battery recycling, aimed at recovering essential materials with zero emissions. Ace’s strategic expansion plans include building a flagship recycling plant in Texas, targeting both lead and lithium-ion battery markets, valued collectively over $55 billion. The transaction, valued at $250 million, is set to close in the first half of 2025, promising significant growth for stakeholders.
For an in-depth examination of ATEK stock, go to TipRanks’ Stock Analysis page.
