Athena Consumer Acquisition Down 62% After Next.e.GO Mobile Deal Closes

Dow Jones2023-10-20

By Josh Beckerman

Athena Consumer Acquisition shares were down 62% to $3.34 Thursday after the blank-check company completed its merger with German electric-vehicle company Next.e.GO Mobile.

The merged company will trade on Nasdaq under the symbol EGOX starting Friday, the company said.

The combination was announced in July 2022. Athena went public in October 2021, and like many blank-check companies, it extended its deadline to complete a deal several times.

On Oct. 5, the companies said they were working to "expeditiously" satisfy closing conditions.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 19, 2023 14:54 ET (18:54 GMT)

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