Andretti Acquisition Corp. IIPOLE

Andretti Acquisition Corp. II exists to complete a business combination before 9 September 2026 or face liquidation, according to the Special Meeting documents filed on 20 July 2026. The company’s charter extension hinges on shareholder approval of an Extension Amendment Proposal; if that fails, the Adjournment Proposal can buy another bite at the apple, but the clock does not reset indefinitely. Andretti’s cash runway and governance hinges on a single vote, making the next six weeks materially more consequential than the past three years of filing fees. (source: PRE 14A, 2026-07-20, https://www.sec.gov/Archives/edgar/data/2025341/000121390026079665/ea0298471-01.htm)

The company’s raison d’être is StoreDot Ltd, an Israeli battery venture selling Extreme Fast Charging technology that claims 100 miles of range in five minutes, with a roadmap to three minutes. Andretti II’s investor deck leans on StoreDot’s production-ready XFC platform, but the SPAC itself has no revenue, no product, and no customers-only a $2,500 monthly office bill and a $12,500 monthly CEO salary locked in until the combination closes or the charter dissolves. The product story is compelling; the SPAC story is a lease and a clock. (source: Press Release, 03 2025, https://www.andrettiacquisition.com/pressreleases/detail/2a7d5025-5c0b-4c09-9540-f6645b590d10?cikNumber=2025341)

Filings show Andretti II banked $1.8 million in net income for the quarter ended 31 March 2026, offset by $507,953 in operating cash outflows and an operating loss of $306,630. Assets stood at $246.7 million while liabilities were $10.8 million, leaving shareholders with negative equity of $10.6 million. Diluted EPS clocked in at $0.08, a figure that feels especially modest when you notice the CEO and sponsor retainers add up to $175,000 since September 2024. (source: 10-Q, period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/2025341/000121390026053329/ea0288346-10q_andretti2.htm)

No price history or trading chart is supplied by the evidence rail, so the file cannot speak to market reactions or liquidity. The only numeric route provided is the SEC company facts endpoint, which exposes raw XBRL data but no price or volume fields. Without a trading venue or ticker symbol, the asset’s market plumbing remains a filing-cabinet mystery. (source: SEC companyfacts JSON, https://data.sec.gov/api/xbrl/companyfacts/CIK0002025341.json)

What changed this week: the 20 July 2026 PRE 14A lays out the 9 September 2026 deadline and the mechanics for extending or adjourning the vote, giving shareholders one last chance to decide whether Andretti II becomes a StoreDot vehicle or a liquidation story. No earnings release, no customer contracts, and no capex schedule were filed in the past seven days, so the file’s texture remains the same thin gruel: a SPAC, a clock, and a lease. (source: SEC EDGAR filing index, https://www.sec.gov/edgar/browse/?CIK=2025341)

What remains unproven: the depth of StoreDot’s production ramp, the willingness of OEM customers to pay a premium for 100-mile-in-five-minute charging, and the willingness of Andretti II shareholders to fund another extension if the first vote falls short. The evidence does not supply supply-chain orders, manufacturing utilisation rates, or signed offtake agreements-only a roadmap and a press release. (source: Overview page, https://www.andrettiacquisition.com/)