Mergers & Acquisitions ·
Andretti Acquisition Corp. II shareholders approved an amendment to extend the business combination deadline from…
POLEAndretti Acquisition Corp. II
Andretti Acquisition Corp. II shareholders approved an amendment to extend the business combination deadline from September 9, 2026, to September 9, 2027. Concurrently, holders of 15,776,190 public shares exercised redemption rights at approximately $10.88 per share, resulting in aggregate redemptions of roughly $171.69 million. Following these redemptions, 7,223,810 public shares remain outstanding. The sponsor converted 5,749,999 Class B ordinary shares into Class A ordinary shares to maintain voting alignment and support the extension. Additionally, the company entered into a new non-redemption agreement with an investor committing not to redeem up to 650,000 shares in exchange for potential future equity issuance upon business combination completion. Andretti Acquisition Corp. II is a blank check company organized to effect a merger, share exchange, asset acquisition, or similar business combination.