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Andretti Acquisition Corp. II Class A ( (POLE) ) just unveiled an update.
On December 17, 2025, Andretti Acquisition Corp. II and BTIG, LLC amended their September 5, 2024 underwriting agreement in connection with Andretti’s planned initial business combination with StoreDot Ltd. The amendment reduces deferred underwriting commissions to $8 million and ties the form of payment to the level of Closing Cash at the time of the StoreDot transaction: if Closing Cash is at least $70 million, the full $8 million will be paid in cash, while if Closing Cash is below $70 million, $2 million will be paid in cash and $6 million will be paid in Pubco Class A ordinary shares, with the share valuation capped and linked to any concurrent transaction financing price. BTIG receives customary registration rights for these fee shares, a right of first refusal to act as non-exclusive placement agent on any transaction financing for the StoreDot deal with fees split evenly between cash and Pubco shares, and a right of first refusal to serve as representative of the underwriters for any new SPAC IPO formed by the sponsor, Mario Andretti or Michael Andretti within 12 months of the closing, underscoring BTIG’s deepening role in Andretti’s current and potential future SPAC activities.
More about Andretti Acquisition Corp. II Class A
Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to consummate a business combination, currently focused on completing an initial business combination with StoreDot Ltd., which would result in a publicly listed combined company referred to as Pubco.
Average Trading Volume: 65,582
Technical Sentiment Signal: Strong Buy
Current Market Cap: $312.8M
For a thorough assessment of POLE stock, go to TipRanks’ Stock Analysis page.