- Business
- Andretti Acquisition Corp. (NYSE: WNNR-UN) operates as a special purpose acquisition company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, primarily targeting sectors with lasting competitive advantages, brand recognition, and seasoned management teams; it offers Class A ordinary shares and redeemable public warrants exercisable at $11.50 per share, traded as units comprising one Class A ordinary share and one-half warrant. The company, incorporated in 2021 as a Cayman Islands exempted company and headquartered in Indianapolis, Indiana, previously completed a business combination with Zapata Computing, Inc. in March 2024, resulting in the combined entity trading as Zapata AI Holdings Limited (NYSE: ZPTA), which develops industrial generative AI software leveraging quantum computing and numerical data for enterprise applications. In a significant recent development, the company's affiliate, Andretti Acquisition Corp. II (NASDAQ: POLE), formed in 2024 and based in Alpharetta, Georgia, entered a definitive business combination agreement on December 3, 2025, with StoreDot Ltd., valuing StoreDot at an $800 million pre-money equity value and the pro forma enterprise at $882 million assuming no redemptions, to create XFC Battery, a Nasdaq-listed entity commercializing extreme fast charging battery technology for electric vehicles capable of delivering 100 miles of range in five minutes via an asset-light licensing model compatible with existing lithium-ion production lines; the transaction, unanimously approved by both boards, anticipates closing in Q2 2026 subject to shareholder approvals, financing commitments, regulatory clearances, and OEM validations. Led by Co-CEOs William J. Sandbrook and Michael M. Andretti, with racing legends Mario Andretti and Zak Brown as advisors and directors, Andretti Acquisition Corp. maintains global geographic focus without current operational segments beyond its SPAC structure, serving public investors seeking exposure to high-potential targets in automotive, technology, and related industries.