Andretti Acquisition Corp. II
POLEW
NASDAQ Global Market0.25
USD
- -
- -
CIK
0002025341
ISIN
KYG267451287
Return %
Stock
S&P500
1Y
29.29
26.53
3Y
193.25
76.60
5Y
193.25
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- William Matthew Brown
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 7615 Zionsville Road Alpharetta United States of America 46268
- IPO Date
- Sep 6, 2024
- CIK
- 0002025341
- Website
- andrettiacquisition.com
- Similar Companies
- Business
- Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in 2024 and headquartered in Alpharetta, Georgia, primarily focused on effecting mergers, amalgamations, share exchanges, asset acquisitions, share purchases, or similar business combinations with one or more target companies. The firm recently announced a definitive agreement for a business combination with StoreDot Ltd., an Israeli-based leader in Extreme Fast Charging (XFC) battery technology for electric vehicles (EVs), to form a new publicly traded holding company called XFC Battery, which is expected to list on the Nasdaq Stock Market in 2026. Through this combination, Andretti Acquisition Corp. II transitions from a blank check company to a key player in the EV battery technology sector, commercializing StoreDot's proprietary fast-charging battery technology capable of delivering 100 miles of range in about five minutes, with a roadmap targeting charges within three minutes. The merged company aims to address core EV industry challenges such as range and charging anxiety by leveraging a capital-efficient licensing strategy that integrates with existing lithium-ion production lines, facilitating rapid scale-up without building new manufacturing facilities. The transaction values StoreDot at a pre-money equity valuation of approximately $800 million and anticipates a pro forma enterprise value of $882 million, with leadership spearheaded by StoreDot's CEO Doron Myersdorf and his experienced management team. Andretti Acquisition Corp. II benefits from strategic ties to racing legends Mario and Michael Andretti, adding brand value and market credibility to the combined entity. The company's latest major change marks a strategic expansion into the EV sector through this transformative merger, positioning itself at the forefront of innovative battery solutions for global automotive and technology markets. Andretti Acquisition Corp. II operates primarily as a financial vehicle for acquisition but now substantially engages in the EV battery technology industry through its affiliation with StoreDot, targeting rapid commercialization of XFC battery technology across international EV markets including the US, Israel, and broader regions.