Ace Green Recycling to Go Public with Athena Merger

Ace Green Recycling, a company specializing in sustainable battery recycling technologies, is set to become a public entity through a merger with Athena Technology Acquisition Corp. (ATAC II), a special purpose acquisition company. This merger will result in Ace Green Recycling becoming a wholly-owned subsidiary of ATAC II. Ace Green's innovative technology focuses on both lead and lithium-ion battery recycling using hydrometallurgical processes that eliminate emissions and waste, distinguishing itself from traditional smelting methods. The company operates in India and Taiwan and plans to expand to the United States. Key benefits of this expansion include job creation, enhancement of U.S. critical mineral security, and renewable energy partnerships. In financial terms, Ace Green is already generating annual revenue of $23 million, with forecasts for profitability by 2026 as it taps into the large battery recycling markets. The business model involves operating facilities, joint ventures, and licensing agreements, supported by a strong global supply chain network.