Andretti Acquisition Corp. Files 8-K for Material Agreement
Ticker: ZPTAW · Form: 8-K · Filed: Mar 25, 2024 · CIK: 1843714
| Field | Detail |
|---|---|
| Company | Andretti Acquisition Corp. (ZPTAW) |
| Form Type | 8-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50, $9.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
Andretti Acquisition Corp. just filed an 8-K for a big deal - details TBD.
AI Summary
Andretti Acquisition Corp. filed an 8-K on March 25, 2024, to report the entry into a material definitive agreement. The filing does not contain specific details about the agreement, parties involved, or financial implications, but it indicates a significant event for the company.
Why It Matters
This filing signals a significant development for Andretti Acquisition Corp., potentially involving a merger, acquisition, or other material business transaction that could impact its future operations and shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could involve significant financial or operational changes, but lacks specific details, creating uncertainty.
Key Players & Entities
- Andretti Acquisition Corp. (company) — Registrant
- March 25, 2024 (date) — Filing Date
FAQ
What is the nature of the material definitive agreement entered into by Andretti Acquisition Corp.?
The filing does not specify the nature of the material definitive agreement.
Who are the parties involved in this material definitive agreement?
The filing does not disclose the names of the other parties to the agreement.
When was the material definitive agreement entered into?
The earliest event reported in the filing is March 25, 2024, which is the date of the report and likely the date the agreement was entered into or became effective.
Are there any financial terms or dollar amounts associated with this agreement disclosed in the filing?
No specific financial terms or dollar amounts related to the agreement are disclosed in this filing.
What is the purpose of this 8-K filing for Andretti Acquisition Corp.?
The purpose of this 8-K filing is to report the entry into a material definitive agreement, as required by SEC regulations.
Filing Stats: 1,199 words · 5 min read · ~4 pages · Grade level 14.8 · Accepted 2024-03-25 09:23:12
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
- $9.00 — number of Investor Shares multiplied by $9.00. The foregoing description of the Non-
Filing Documents
- eh240461595_8k.htm (8-K) — 34KB
- eh240461595_ex1001.htm (EX-10.1) — 47KB
- 0000950142-24-000764.txt ( ) — 318KB
- wnnr-20240325.xsd (EX-101.SCH) — 4KB
- wnnr-20240325_def.xml (EX-101.DEF) — 27KB
- wnnr-20240325_lab.xml (EX-101.LAB) — 37KB
- wnnr-20240325_pre.xml (EX-101.PRE) — 25KB
- eh240461595_8k_htm.xml (XML) — 7KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement Non-Redemption Agreement As previously disclosed, on February 13, 2024, Andretti Acquisition Corp. (the " Company ") held an extraordinary general meeting of shareholders (the " Extraordinary General Meeting ") in connection with its previously announced business combination with Zapata Computing, Inc. (" Zapata ") as described in greater detail in the proxy statement prepared in connection with the Extraordinary General Meeting (the " Business Combination "). The voting results of the Extraordinary General Meeting are described in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on February 13, 2024. The Company expects to complete the Business Combination on March 28, 2024. On March 25, 2024, the Company entered into a non-redemption agreement (the " Non-Redemption Agreement "), with Sandia Investment Management LP on behalf of certain funds, investors, entities or accounts for which it or its affiliates acts as manager, sponsor or advisor (the " Investors "). Pursuant to such Non-Redemption Agreement, each Investor agreed to rescind or reverse any previously submitted redemption demand of the ordinary shares of the Company held or to be acquired by such Investor (the " Investor Shares ") up to 300,000 ordinary shares in the aggregate. Upon consummation of the Business Combination, the Company shall pay or cause to be paid to the Investors a payment in respect of their respective Investor Shares from cash released from the trust account established in connection with Company's initial public offering equal to the number of Investor Shares multiplied by the Redemption Price, minus the number of Investor Shares multiplied by $9.00. The foregoing description of the Non-Redemption Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Non-Redemption Agreement, which is filed as Exhibit 10.1 hereto and is in
FORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS Certain statements included in this communication 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," "continue," "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 the Company, 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 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 the Company to successfully or timely consummate the Business Combination, the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Business Combination; the outcome of any legal proceedings that may be instituted against the Company, Zapata or others following the completion of the Business Combination and any definitive agreements with respect thereto; the ability to meet stock exchange listing standards following the consummation of the Business Combination; failure to realize the anticipated benefits of the Business Combination, risks related
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 10.1 Non-Redemption Agreement 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. Dated: March 25, 2024 ANDRETTI ACQUISITION CORP. By: /s/ William M. Brown Name: William M. Brown Title: President and Chief Financial Officer