28 July 2022

Athena Consumer Acquisition Corp. and German Electric Carmaker E.GO Mobile Announce Business Combination Via SPAC Deal

Reinier KleipoolDavid Mees

De Brauw advises Athena Consumer Acquisition Corp. (Athena Consumer) in announced business combination with German electric carmaker e.GO Mobile (e.GO).

Athena Consumer Acquisitions Corp. is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange (NYSE: ACAQ), and is the second all-woman Athena SPAC. E.GO is a German manufacturer of electric vehicles and sustainable mobility solutions. Following the business combination, e.GO will be listed on the New York Stock Exchange via a Dutch N.V. (ticker: EGOX). E.GO's anticipated enterprise value after listing amounts to almost USD 1 billion.

De Brauw advises Athena Consumer alongside White & Case. The De Brauw team comprises Reinier Kleipool, David Mees and Monika Jensen.