Monitor the special meeting vote on Sept 8, 2026 — approval of the Extension is the key catalyst. If approved, the SPAC gains another 12 months to find a target, which is neutral-to-positive for the common stock and warrants. If not approved, the SPAC will liquidate, returning ~$10 per share to holders.
Price Chart
Executive Summary
Andretti Acquisition Corp. II entered into additional non-redemption agreements with new investors on September 3, 2026, ahead of its special meeting to extend the deadline to complete a business combination. The agreements incentivize holders of up to 448,959 public shares to not redeem them in exchange for future Pubco shares, preserving trust account cash. This is a routine SPAC extension support mechanism — it does not guarantee the extension's approval but increases the funds remaining in trust post-meeting.
Key Facts
- The Company entered into new non-redemption agreements on September 3, 2026, covering up to 448,959 Public Shares.
- In exchange, investors may receive up to 112,240 Pubco Shares (if a business combination closes by June 9, 2027) or up to 149,653 Pubco Shares (if after June 9, 2027).
- Combined with prior agreements, total non-redeemed shares covered is up to 6,248,959 Public Shares, with potential Pubco share issuance of up to 2,082,747.
- The agreements are not expected to increase the likelihood of the Extension being approved, but are expected to increase trust account funds post-meeting.
- The special meeting to approve the Extension (from Sept 9, 2026 to Sept 9, 2027) was adjourned to Sept 8, 2026.
Financial Impact
Preserves up to ~$5.6M in trust (based on ~$10.00 per share for 448,959 non-redeemed shares) from the new agreements; combined with prior agreements, preserves up to ~$62.5M from 6,248,959 non-redeemed shares.
Risk Factors
- Shareholders may not approve the Extension at the special meeting, leading to liquidation.
- Future Pubco share issuance (up to ~2.1M shares) will dilute existing holders if a business combination closes.
- No target has been identified — the SPAC may fail to consummate a business combination within the extended period.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (POLE) — Batch item 1 | 0001213900-26-097299 |
| Document: 0001213900-26-097299-index-headers.html | 0001213900-26-097296 |
| Document: 0001213900-26-097299-index.html | 0001213900-26-097299 |
| Document: 0001213900-26-097299.txt | 0001213900-26-097299 |
| 8-K Filing (POLE) — Batch item 5 | 0001213900-26-097296 |
| Document: ea0304637-8k_andretti2.htm | 0001213900-26-097299 |
| Document: 0001213900-26-097296-index-headers.html | 0001213900-26-097299 |
| Document: 0001213900-26-097296-index.html | 0001213900-26-097299 |
| Document: 0001213900-26-097296.txt | 0001213900-26-097299 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 20d ago | SC 13G/A | $10.74 | awaiting T+20 | — | $10.73 (−0.09%) |
Sep 8, 2026 6w ago | DEFA14A | $10.70 $10.74 | ▲ +0.37% | ▼ −1.34% | $10.73 (+0.28%) |
Sep 8, 2026 6w ago | 8-K | $10.70 $10.74 | ▲ +0.37% | ▼ −1.34% | $10.73 (+0.28%) |
Sep 3, 2026 7w ago | DEFA14A / 8-K | $11.12 $10.74 | ▼ −3.42% | ▼ −4.02% | $10.73 (−3.51%) |
Sep 2, 2026 7w ago | DEFA14A / 8-K | $10.79 $10.74 | ▼ −0.46% | ▲ +0.72% | $10.73 (−0.56%) |
Aug 28, 2026 8w ago | 8-K | $10.85 $10.74 | ▼ −1.01% | ▼ −0.83% | $10.73 (−1.11%) |
US Market Status
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