Ace Green Recycling and Athena Technology Acquisition Corp. II Announce $32 Million PIPE Financing for Proposed Business Combination

Ace Green Recycling, Inc. (Ace) and Athena Technology Acquisition Corp. II (Athena) announced a $32 million PIPE (private investment in public equity) financing to support their previously announced proposed business combination. The PIPE is expected to provide gross proceeds of approximately $32 million to help fund capital expenditures for Ace’s Texas recycling facility, along with general corporate purposes and potential acquisitions, subject to the closing of the proposed deal.