Athena Technology Acquisition Corp. II Reports Q3 2025 Financial Results with Net Income of $508,085

Athena Technology Acquisition Corp. II has reported its financial results for the third quarter of 2025, revealing a net income of $508,085 for the three months ended September 30, 2025, compared to a net loss of $314,920 for the same period in 2024. The company’s operating expenses decreased to $361,412 from $467,928 year-over-year, primarily due to a reduction in general and administrative costs. For the nine months ended September 30, 2025, Athena recorded a net loss of $959,779, an improvement from a loss of $1,151,865 in the prior year. The decrease in losses was attributed to a combination of lower operating expenses and a reversal of prior year tax liabilities.

Significant changes in the company’s financial position were noted in its balance sheet. As of September 30, 2025, total assets amounted to $1,516,962, a decline from $4,467,142 at the end of 2024. This decrease was largely due to a reduction in investments held in the Trust Account, which fell to $293,283 from $3,666,439. Current liabilities also decreased to $8,912,795 from $10,085,562, reflecting a strategic effort to manage expenses and liabilities effectively.

Athena has been actively pursuing a business combination, having entered into a definitive agreement with Ace Green Recycling. The merger is expected to convert outstanding shares of Ace Green Recycling into shares of Athena, with provisions for earnout shares based on future performance. The company has extended its deadline to complete this business combination to June 14, 2026, following stockholder approvals for multiple extensions. As part of its operational strategy, Athena has also engaged in various funding agreements, including a recent $400,000 investment from Polar Multi-Strategy Master Fund to support working capital needs.

Operationally, Athena has faced challenges, including a working capital deficit of $7,689,116 as of September 30, 2025. The company has not yet commenced operations and does not expect to generate revenue until after the completion of its business combination. The management has indicated that it will continue to seek additional funding to meet operational costs and tax obligations. The company’s liquidity position raises concerns about its ability to continue as a going concern, emphasizing the importance of successfully completing the merger with Ace Green Recycling to stabilize its financial situation.