$ATEKW

Athena Technology Acquisition Corp. II

CIK:0001882198|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
OPERATING EXPENSES
General and administrative	$ 413,470	$ 634,894	$ 878,727	$ 1,360,614
Franchise tax	700	4,800	2,000	10,000
Total operating expenses	414,170	639,694	880,727	1,370,614
OTHER INCOME (EXPENSE)
Interest income on investments held in Trust Account	2,423	38,380	5,048	76,895
Gain on change in fair value of return of capital subscription shares liability	2,400		800
Finance costs – discount on debt issuance		(96,472)		(171,316)
Total other income (expense), net	4,823	(58,092)	5,848	(94,421)
LOSS BEFORE PROVISION FOR INCOME TAXES	(409,347)	(697,786)	(874,879)	(1,465,035)
Provision for income taxes	(80)	(1,420)	(144)	(2,829)
NET LOSS	$ (409,427)	$ (699,206)	$ (875,023)	$ (1,467,864)
Class A Common Stock
OTHER INCOME (EXPENSE)
Weighted average shares outstanding of Class A common stock	9,857,649	10,145,156	9,858,762	10,145,156
Basic net loss per share (in Dollars per share)	$ (0.04)	$ (0.07)	$ (0.09)	$ (0.14)
Diluted net loss per share (in Dollars per share)	$ (0.04)	$ (0.07)	$ (0.09)	$ (0.14)

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (875,023)	$ (1,467,864)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest income on investments held in Trust Account	(5,048)	(76,895)
Finance costs – discount on debt issuance		171,316
Gain on change in fair value of return of capital subscription shares liability	(800)
Changes in operating assets and liabilities:
Prepaid expenses and other assets	34,991	(46,198)
Prepaid income taxes	144	2,829
Due to related party		10,000
Accounts payable and accrued expenses	524,023	699,225
Excise tax payable		187,171
Net cash used in operating activities	(321,713)	(520,416)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash withdrawn from Trust Account in connection with redemption	138,565
Cash deposited into Trust Account	(2,760)	(37,218)
Cash withdrawn from Trust Account to pay franchise and income taxes		195,437
Net cash provided by investing activities	135,805	158,219
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from promissory note - related party		500,000
Redemptions of Class A common stock	(138,565)
Net cash (used in) provided by financing activities	(138,565)	500,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	(324,473)	137,803
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	348,472	142,260
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 23,999	$ 280,063

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 23,999	$ 348,472
Prepaid expenses and other assets	46,674	81,665
Prepaid income taxes	610,832	610,976
Due from Sponsor	15,510	15,510
Total current assets	697,015	1,056,623
Investments held in Trust Account	166,857	297,614
TOTAL ASSETS	863,872	1,354,237
CURRENT LIABILITIES
Accounts payable and accrued expenses	6,418,729	5,894,706
Return of capital subscription shares liability	146,800	147,600
Due to redeeming stockholders	612,603	586,001
Total current liabilities	9,611,343	9,061,518
Deferred underwriting fee payable	8,956,250	8,956,250
TOTAL LIABILITIES	18,567,593	18,017,768
COMMITMENTS AND CONTINGENCIES
CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
Class A Common stock subject to possible redemption, $0.0001 par value, 13,574 and 24,887 shares at redemption value of $14.67 and $14.41 per share at June 30, 2026 and December 31, 2025, respectively	199,128	358,631
STOCKHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at June 30, 2026 and December 31, 2025
Additional paid-in capital	373,156	378,820
Accumulated deficit	(18,276,988)	(17,401,965)
TOTAL STOCKHOLDERS’ DEFICIT	(17,902,849)	(17,022,162)
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’ DEFICIT	863,872	1,354,237
Class A Common Stock
STOCKHOLDERS’ DEFICIT
Common stock value	983	983
Class B Common Stock
STOCKHOLDERS’ DEFICIT
Common stock value
Related Party
CURRENT LIABILITIES
Note payable - related party	1,800,000	1,800,000
Convertible note - related party	422,182	422,182
Due to related party	$ 211,029	$ 211,029