Andretti Acquisition Corp. Signals Active M&A Pursuit via Rule 425 Filing

TL;DR

**WNNR is moving forward with a potential merger or acquisition, signaling a key step for the SPAC.**

AI Summary

Andretti Acquisition Corp. (WNNR) filed an 8-K on January 29, 2024, indicating it is engaging in written communications under Rule 425 of the Securities Act. This suggests the company is actively pursuing or has initiated a business combination, likely a merger or acquisition, which is the primary purpose of a Special Purpose Acquisition Company (SPAC). For investors, this matters because it signals progress towards a definitive transaction, which could significantly impact the stock's value depending on the target company and deal terms.

Why It Matters

This filing indicates Andretti Acquisition Corp. is progressing towards a business combination, which is crucial for a SPAC to avoid liquidation. The success or failure of this combination will directly determine the future value of WNNR shares.

Risk Assessment

Risk Level: medium — While progress is indicated, the specific details of the acquisition target and terms are still unknown, introducing uncertainty and potential for deal failure or unfavorable terms.

Analyst Insight

A smart investor would monitor subsequent filings for details on the target company and deal terms, as this 8-K only signals intent, not a completed transaction. This is a 'watch and wait' situation for WNNR holders.

Key Players & Entities

• Andretti Acquisition Corp. (company) — the registrant filing the 8-K
• WNNR (company) — the trading symbol for Andretti Acquisition Corp.
• January 29, 2024 (date) — date of the earliest event reported and filing date
• Rule 425 (other) — Securities Act rule for written communications related to business combinations

Forward-Looking Statements

• Andretti Acquisition Corp. will announce a definitive business combination agreement within the next 3-6 months. (Andretti Acquisition Corp.) — medium confidence, target: 2024-07-29

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemab
• $11.50 — ary share, each at an exercise price of $11.50 per share WNNR WS New York Stock Ex

Filing Documents

• eh240443255_8k.htm (8-K) — 36KB
• eh240443255_ex9901.htm (EX-99.1) — 29KB
• andretti.jpg (GRAPHIC) — 3KB
• zapata.jpg (GRAPHIC) — 4KB
• 0000950142-24-000233.txt ( ) — 307KB
• wnnr-20240129.xsd (EX-101.SCH) — 4KB
• wnnr-20240129_def.xml (EX-101.DEF) — 27KB
• wnnr-20240129_lab.xml (EX-101.LAB) — 37KB
• wnnr-20240129_pre.xml (EX-101.PRE) — 25KB
• eh240443255_8k_htm.xml (XML) — 7KB

01. Other Items

Item 8.01. Other Items. On January 29, 2024, Andretti Acquisition Corp. ("Andretti") issued a press release announcing the date of its upcoming extraordinary general meeting of shareholders. A copy of the press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. Cautionary Note Regarding Forward-Looking Statements Certain statements included in this Current Report on Form 8-K (the "Current Report"), and certain oral statements made from time to time by representatives of Andretti or Zapata Holdings, Inc. ("Zapata"), that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem" "seek" "future" "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this Current Report, and on the current expectations of the management of Zapata and Andretti, as the case may be, and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are beyond the control of Zapata and Andretti. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions, the inability of Zapata or Andretti to successfully or timely consummate the proposed business combination of Zapata and a wholly owned subsidiary of Andretti (the "Business Co

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated January 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 29, 2024 ANDRETTI ACQUISITION CORP. By: /s/ William M. Brown Name: William M. Brown Title: President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR