Athena Consumer Acquisition Corp. announced that it has entered into a securities purchase agreement relating to an unsecured subordinated convertible note maturing in 2028 for the gross proceeds of $25,000,000 on October 19, 2023. The Note shall be subject to an original issue discount equal to 7.5% of the principal amount of the Note to be paid under the Securities Purchase Agreement.

Creditors of certain business combination expenses will invest into the purchaser of the Note. On the original issuance date interest shall begin accruing at 8.0% per annum based on the outstanding principal amount of the Note.