Andretti Acquisition Corp. II 8-K Filing Details Share and Warrant Structure
Ticker: POLEW · Form: 8-K · Filed: Sep 13, 2024 · CIK: 2025341
Sentiment: neutral
Topics: spac, corporate-structure, warrants
TL;DR
Andretti Acquisition Corp. II 8-K: Shares and warrants detailed, $11.50 exercise price for warrants.
AI Summary
Andretti Acquisition Corp. II filed an 8-K on September 13, 2024, reporting an event on September 9, 2024. The filing details the company's structure, including Class Ordinary Shares and redeemable warrants, with warrants exercisable for one Class Ordinary Share at an exercise price of $11.50 per share.
Why It Matters
This filing provides clarity on the capital structure of Andretti Acquisition Corp. II, which is crucial for investors to understand the terms of their shares and warrants.
Risk Assessment
Risk Level: low — The filing is a routine 8-K detailing corporate structure and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- $11.50 — Warrant Exercise Price (Price at which warrants can be exercised for ordinary shares.)
Key Players & Entities
- Andretti Acquisition Corp. II (company) — Registrant
- September 9, 2024 (date) — Earliest event reported
- $11.50 (dollar_amount) — Exercise price for warrants
FAQ
What is the par value of Andretti Acquisition Corp. II's Class Ordinary Shares?
The par value of Andretti Acquisition Corp. II's Class Ordinary Shares is $0.0001 per share.
What are the components of the units offered by Andretti Acquisition Corp. II?
The units consist of one Class Ordinary Share and one-half of one redeemable warrant.
What is the exercise price for the warrants issued by Andretti Acquisition Corp. II?
The exercise price for the warrants is $11.50 per share.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on September 9, 2024.
What is the SIC code for Andretti Acquisition Corp. II?
The Standard Industrial Classification (SIC) code for Andretti Acquisition Corp. II is 6770 (BLANK CHECKS).
Filing Stats: 727 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-09-13 17:00:10
Key Financial Figures
- $0.0001 — LC Class A ordinary shares, par value $0.0001 per share POLE The Nasdaq Stock Mar
- $11.50 — ordinary share at an exercise price of $11.50 per share POLEW The Nasdaq Stock Ma
- $10.00 — hare. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to
- $230,000,000 — rating gross proceeds to the Company of $230,000,000. Simultaneously with the closing of th
- $7,600,000 — rating gross proceeds to the Company of $7,600,000. A total of $231,150,000, or $10.05 pe
- $231,150,000 — the Company of $7,600,000. A total of $231,150,000, or $10.05 per Unit, comprised of the n
- $10.05 — 7,600,000. A total of $231,150,000, or $10.05 per Unit, comprised of the net proceeds
- $9,775,000 — eds from the IPO (which amount includes $9,775,000 of the underwriter's deferred discount)
Filing Documents
- ea0214451-8k_andretti2.htm (8-K) — 37KB
- ea021445101ex99-1_andretti2.htm (EX-99.1) — 109KB
- 0001213900-24-078643.txt ( ) — 394KB
- poleu-20240909.xsd (EX-101.SCH) — 4KB
- poleu-20240909_def.xml (EX-101.DEF) — 27KB
- poleu-20240909_lab.xml (EX-101.LAB) — 37KB
- poleu-20240909_pre.xml (EX-101.PRE) — 25KB
- ea0214451-8k_andretti2_htm.xml (XML) — 7KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 9, 2024 Andretti Acquisition Corp. II (Exact name of registrant as specified in its charter) Cayman Islands 001-42268 98-1792547 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 7615 Zionsville Road Indianapolis , Indiana 46268 (Address of principal executive offices, including Registrant's telephone number, including area code: ( 317 ) 872-2700 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant POLEU The Nasdaq Stock Market LLC Class A ordinary shares, par value $0.0001 per share POLE The Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share POLEW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item8.01. Other Events. On September 9, 2024, Andretti Acquisition Corp. II (the " Company ") consummated its initial public offering (" IPO ") of 23,000,000 units (the " Units "), including 3,000,000 Units issued pursuant to the full exercise of the underwriters' over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the " Class A Ordinary Shares "), and one-half of one redeemable warrant of the Company (each, a " Warrant "), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000. Simultaneously with the closing of the IPO, the Company completed the private sale (the " Private Placement " ) of an aggregate of 760,000 Units (the " Private Placement Units " ). 450,000 Private Placement Units were sold to Andretti Sponsor II LLC, the Company's sponsor, and 310,000 Private Placement Units were sold to BTIG, LLC, in each case at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $7,600,000. A total of $231,150,000, or $10.05 per Unit, comprised of the net proceeds from the IPO (which amount includes $9,775,000 of the underwriter's deferred discount) and the proceeds of the sale of the Private Placement Units, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. An audited balance sheet as of September 9, 2024 reflecting the receipt of the proceeds from the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K. Item9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Audited Balance Sheet as of September 9, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ANDRETTI ACQUISITION CORP. II By: /s/ William M. Brown Name: William M. Brown Title: Chief Executive Officer Dated: September 13, 2024 2