Athena Technology Acquisition Corp. (NYSE:ATHN.U) announced a private placement of 700,000 units at a price of $10 per unit for gross proceeds of approximately $7,000,000 on March 16, 2021. The transaction involved participation from Athena Technology Sponsor LLC. Each unit consists of one share of class A common stock of the company, par value $0.0001 per share and one-third of one redeemable warrant of the company with each whole warrant entitling the holder thereof to purchase one share of class A common stock for $11.50 per share. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.