Andretti Acquisition Corp. II Completes $230 Million Initial Public Offering

INDIANAPOLIS, IN, Sept. 09, 2024 (GLOBE NEWSWIRE) — Andretti Acquisition Corp. II (the “Company”) today announced the closing of its initial public offering of 23,000,000 units, including 3,000,000 units issued pursuant to the underwriter’s exercise of its entire over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000.

The Company’s units began trading on September 6, 2024 on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “POLEU.” Each unit consists of one share of the Company’s Class A common stock and one whole redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share. 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.