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New Deal


Announced

Air Water Ventures to go public via a SPAC merger with Athena Technology Acquisition in a $300m deal.

Financials

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Transaction Value£241m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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water solutions

Cross Border

Reverse Takeover

Single Bidder

Majority

Friendly

De-SPAC

Pending

Water

Acquisition

Private

United Arab Emirates

Merger

Synopsis

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Air Water Ventures, a sustainable water solutions company, agreed to go public via a SPAC merger with Athena Technology Acquisition, a special purpose acquisition company, in a $300m deal. “This proposed Business Combination is an extraordinary milestone for Air Water Ventures Ltd. and all of those who will benefit from the environmental impact that we are looking to make. Not only do we believe this transaction will allow us to accelerate our growth, expand our reach, and continue our track record of disruptive innovation, but we also believe it will help make an impact on a global scale," Alex Guy, Air Water Ventures Chairman and CEO.

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