Phyllis Newhouse’s Athena SPAC Taking Solar Firm Heliogen Public In $2 Billion Deal

By Maggie McGrath Forbes Staff

ForbesWomen


When Phyllis Newhouse and Isabelle Freidheim listed Athena Technology Acquisition Corp on the New York Stock Exchange in March, they did so as the only all-female SPAC team in the market: Athena debuted with a management team, board of directors and independent advisors that were entirely comprised of women.


But when it came to finding Athena’s best acquisition target, the duo was less concerned with applying a gender lens than they were with identifying truly disruptive technology. They worked efficiently, finding their match in less than four months: Newhouse and her team announced this week that they will be merging with solar energy firm Heliogen in a deal that values the joint company at $2 billion.


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