Filed by Athena Consumer Acquisition Corp.
Pursuant to Rule 425 under the Securities Act of 1933
And deemed filed pursuant to Rule 14a-12
Under the Securities Exchange Act of 1934
Subject Company: Athena Consumer Acquisition Corp.
Commission File No. 001-40921
Date: July 28, 2022
The following communication was made by the e.GO Mobile
LinkedIn page on July 28, 2022.
![](https://content.edgar-online.com/edgar_conv_img/2022/07/28/0001213900-22-042502_image_001.jpg)
The following communication was made by the e.GO Mobile
Facebook page on July 28, 2022.
![](https://content.edgar-online.com/edgar_conv_img/2022/07/28/0001213900-22-042502_image_002.jpg)
The following communication was made by the Athena SPACs
LinkedIn page on July 28, 2022.
![](https://content.edgar-online.com/edgar_conv_img/2022/07/28/0001213900-22-042502_image_003.jpg)
Important Information about
the Business Combination and Where to Find It
In connection with the proposed
business combination (the “Business Combination”) between Athena Consumer Acquisition Corp. (“Athena”) and Next.e.GO
Mobile SE (“e.GO”), Next.e.GO B.V., a wholly-owned subsidiary of e.GO (“TopCo”) intends to file with the U.S.
Securities and Exchange Commission’s (“SEC”) a registration statement on Form F-4 (the “Registration Statement”),
which will include a preliminary prospectus and preliminary proxy statement. This communication is not a substitute for the Registration
Statement, the definitive proxy statement/prospectus or any other document that Athena will send to its stockholders in connection with
the Business Combination. Investors and security holders of Athena are advised to read, when available, the proxy statement/prospectus
in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve the Business Combination
(and related matters) because the proxy statement/prospectus will contain important information about the Business Combination and the
parties to the Business Combination. Athena will mail the definitive proxy statement/final prospectus and other relevant documents to
its stockholders as of a record date to be established for voting on the Business Combination. Stockholders will also be able to obtain
copies of the proxy statement/prospectus, without charge, once available, at the SEC’s website at www.sec.gov or by directing a
request to: 442 5th Avenue, New York, NY, 10018.
Participants in the Solicitation
Athena, e.GO, TopCo and their
respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants
in the solicitation of proxies of Athena’s stockholders in connection with the Business Combination. Investors and security holders
may obtain more detailed information regarding the names and interests in the Business Combination of Athena’s directors and officers
in Athena’s filings with the SEC, and such information and names of e.GO’s directors and executive officers will also be in
the Registration Statement to be filed with the SEC by TopCo, which will include the proxy statement of Athena for the Business Combination.
Forward Looking Statements
This
communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such
as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”,
“predict”, “should”, “would”, “predict”, “potential”, “seem”,
“future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict
or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are
not limited to, statements regarding Athena, e.GO, and TopCo’s expectations with respect to future performance and anticipated financial
impacts of the Business Combination, the satisfaction of the closing conditions to the Business Combination, the level of redemptions
by Athena’s public stockholders, the timing of the completion of the Business Combination and the use of the cash proceeds therefrom.
These statements are based on various assumptions, whether or not identified herein, and on the current expectations of Athena, e.GO,
and TopCo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction
or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ
from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Athena, e.GO, and
TopCo.
These
forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business,
market, financial, political and legal conditions; (ii) the inability of the parties to successfully or timely consummate the proposed
Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated
conditions that could adversely affect the combined company or the expected benefits of the proposed Business Combination or that the
approval of the stockholders of Athena or e.GO is not obtained; (iii) failure to realize the anticipated benefits of the proposed Business
Combination; (iv) risks relating to the uncertainty of the projected financial information with respect to e.GO; (v) the outcome of any
legal proceedings that may be instituted against Athena and/or e.GO following the announcement of the Business Combination; (vi) future
global, regional or local economic and market conditions; (vii) the development, effects and enforcement of laws and regulations; (viii)
e.GO’s ability to grow and achieve its business objectives; (ix) the effects of competition on e.GO’s future business; (x)
the amount of redemption requests made by Athena’s public stockholders; (xi) the ability of Athena or the combined company to issue
equity or equity-linked securities in the future; (xii) the ability of e.GO and Athena to raise interim financing in connection with the
Business Combination, including to secure an e.GO IP-backed note; (xiii) the outcome of any potential litigation, government and regulatory
proceedings, investigations and inquiries; (xiv) the risk that the proposed Business Combination disrupts current plans and operations
as a result of the announcement and consummation, (xv) costs related to the Business Combination, (xvi) the impact of the global COVID-19
pandemic and (xvi) those factors discussed below under the heading “Risk Factors” and in the documents filed, or to be filed,
by Athena and Topco with the SEC. Additional risks related to e.GO’s business include, but are not limited to: the market’s
willingness to adopt electric vehicles; volatility in demand for vehicles; e.GO’s dependence on the proceeds from the contemplated
Business Combination and other external financing to continue its operations; significant challenges as a relatively new entrant in the
automotive industry; e.GO’s ability to control capital expenditures and costs; cost increases or disruptions in supply of raw materials,
semiconductor chips or other components; breaches in data security; e.GO’s ability to establish, maintain and strengthen its brand;
e.GO’s minimal experience in servicing and repairing vehicles; product recalls; failure of joint-venture partners to meet their
contractual commitments; unfavorable changes to the regulatory environment; risks and uncertainties arising from the acquisition of e.GO’s
predecessor business and assets following the opening of insolvency proceedings over the predecessor’s assets in July 2020; and
e.GO’s ability to protect its intellectual property. If any of these risks materialize or our assumptions prove incorrect, actual
results could differ materially from the results implied by these forward-looking statements.
There
may be additional risks that neither e.GO nor Athena presently know or that e.GO and Athena currently believe are immaterial that could
also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect
e.GO’s and Athena’s expectations, plans or forecasts of future events and views as of the date of this communication. e.GO
and Athena anticipate that subsequent events and developments will cause e.GO’s and Athena’s assessments to change. However,
while e.GO and Athena may elect to update these forward-looking statements at some point in the future, e.GO and Athena specifically disclaim
any obligation to do so. These forward-looking statements should not be relied upon as representing e.GO’s and Athena’s assessments
as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking
statements.
No Offer or Solicitation
This
communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities,
or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an applicable exemption
from the registration requirements thereof.
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