Andretti Acquisition Corp. II announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “POLEU”, Friday, September 6, 2024.
The new SPAC intends to mount a broad search for a target with an attractive financial profile and a seasoned management team.
Andretti II’s sponsor team is to be led by Executive Chairman William J. Sandbrook alongside Chief Executive Officer and Principal Financial and Accounting Officer William Matt Brown as well as Special Advisor and Director Michael M. Andretti. The SPAC’s Board of Directors is to be made up of Zakary C. Brown, James W. Keyes, Cassandra S. Lee, Gerald D. Putnam, and John J. Romanelli.
Total SPAC deal count for 2024 year-to-date is now 30. This offering is expected to close on Monday, September 9, 2024.
BTIG, LLC is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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