Betsy Z. Cohen’s FTAC Athena Acquisition will dissolve Feb. 24 as it will not meet the deadline for closoing a merger.

The per-share redemption price will be approximately $10.17, according to a press release announcing the liquidation.

The SPAC earlier this month cancelled a meeting during which shareholders were set to vote on a proposal to push the deadline back to August.

A year ago the SPAC terminated a planned merger with Pico, a provider of technology, data and analytic services for financial markets, due to the target’s “failure to deliver financial information as required by the Business Combination Agreement.”

FTAC Athena raised $220 million in a February 2021 IPO. Read more. 

Source: FTAC Athena Acquisition to Redeem Shares and Liquidate