Andretti Acquisition Corp. II Announces Pricing of $200,000,000 Initial Public Offering

New York, NY, Sept. 5, 2024 (GLOBE NEWSWIRE) — Andretti Acquisition Corp. II (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading tomorrow, September 6, 2024, under the ticker symbol “POLEU.” Each unit consists of one share of Class A common stock and one whole warrant, with each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “POLE” and “POLEW,” respectively. The offering is expected to close on September 9, 2024, subject to customary closing conditions. The company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, consolidation, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of corporate development, but is focused on acquiring an attractive asset with a capable management team poised for growth.