POLEU

Andretti Acquisition Corp. II operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is sponsored by Andretti Acquisition LLC, an entity affiliated with racing entrepreneur Michael Andretti and Andretti Autosport. POLEU represents the company's units, which typically consist of one share of Class A common stock and a fraction of one redeemable warrant. The SPAC raised $200 million in its initial public offering in February 2021, providing capital to pursue acquisition opportunities. Andretti Acquisition Corp. II focuses on identifying target businesses in the sports, media, entertainment, and leisure sectors, leveraging the Andretti family's extensive experience and network in motorsports and related industries. As a blank check company, it generates no operating revenue until completing a business combination. The company's management team brings expertise in racing operations, sports marketing, and business development. As of recent filings, Andretti Acquisition Corp. II continues to evaluate potential merger candidates that align with its investment criteria and can benefit from the Andretti brand and operational capabilities. The SPAC structure provides target companies an alternative path to public markets compared to traditional initial public offerings.