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Athena Technology Acquisition Corp. II Announces Business Combination with Ace Green Recycling
ATEK
M&A
New Projects/Investments
Guidance Update
- Athena Technology Acquisition Corp. II has entered into a Business Combination Agreement with Ace Green Recycling, Inc., under which Ace Green will become a wholly-owned subsidiary of Athena.
- Ace Green, a global battery recycling platform, reported $25.4 million in revenue for FY 2025 and projects $27 million in revenue for the fiscal year ending March 31, 2026.
- The company is developing a Texas flagship facility expected to launch in 2027 and utilizes proprietary technology for sustainable recycling with zero Scope 1 emissions and zero toxic waste.
- The lead and lithium battery recycling market is forecast to grow to over $58 billion by 2040.
8 days ago
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