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Andretti Acquisition Corp. II (Nasdaq: POLEU) has announced that starting October 28, 2024, investors can separately trade its Class A ordinary shares and warrants, which were previously combined in units. The separated Class A ordinary shares and warrants will trade on the Nasdaq Global Market under the symbols 'POLE' and 'POLEW' respectively, while unseparated units will continue trading as 'POLEU'. Only whole warrants will be tradeable, with no fractional warrants being issued. BTIG, served as the sole book-running manager for this offering.
Andretti Acquisition Corp. II has successfully completed its initial public offering (IPO), raising $230 million by selling 23 million units at $10 per unit. Each unit comprises one Class A ordinary share and half a redeemable warrant. The units began trading on Nasdaq under the symbol 'POLEU' on September 6, 2024. Once separate trading begins, shares and warrants will trade as 'POLE' and 'POLEW' respectively.
The company, a blank check company, aims to merge or acquire businesses, focusing on assets with growth potential. Led by William J. Sandbrook as Chairman and William M. Brown as CEO, with Michael M. Andretti as Special Advisor and Director, the management team also includes racing legend Mario Andretti as Special Advisor. BTIG, served as the sole book-running manager for the offering.
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