NEWS
Andretti Acquisition Corp. II Completes $230 Million Initial Public Offering
Andretti Acquisition Corp. II has successfully completed its initial public offering (IPO), raising $230 million by selling 23 million units at $10 per unit. Each unit comprises one Class A ordinary share and half a redeemable warrant. The units began trading on Nasdaq under the symbol 'POLEU' on September 6, 2024. Once separate trading begins, shares and warrants will trade as 'POLE' and 'POLEW' respectively.
The company, a blank check company, aims to merge or acquire businesses, focusing on assets with growth potential. Led by William J. Sandbrook as Chairman and William M. Brown as CEO, with Michael M. Andretti as Special Advisor and Director, the management team also includes racing legend Mario Andretti as Special Advisor. BTIG, served as the sole book-running manager for the offering.
The company, a blank check company, aims to merge or acquire businesses, focusing on assets with growth potential. Led by William J. Sandbrook as Chairman and William M. Brown as CEO, with Michael M. Andretti as Special Advisor and Director, the management team also includes racing legend Mario Andretti as Special Advisor. BTIG, served as the sole book-running manager for the offering.
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