Andretti Acquisition II Amends Sponsor Notes for Flexibility

An update from Andretti Acquisition Corp. II Class A ( (POLE) ) is now available.

On October 14, 2025, Andretti Acquisition Corp. II issued three unsecured promissory notes to sponsors William J. Sandbrook, Michael Andretti and William M. Brown, and on April 27, 2026, it amended and restated those notes to increase the aggregate principal to $4.375 million for working capital. The amended notes are interest-free, payable upon either completion of the SPAC’s initial business combination or liquidation, and allow up to $1.5 million of principal to be converted into units at $10 each at the time of a deal, underscoring sponsor support and providing additional funding flexibility as the company pursues a merger.

The amended notes are repayable only from funds held outside the IPO trust if no business combination occurs, and a failure to pay within one business day of maturity would constitute an event of default. The securities were issued in a private placement exempt from registration, reinforcing the SPAC’s reliance on insider financing to sustain operating needs while preserving trust proceeds for an eventual transaction.

More about Andretti Acquisition Corp. II Class A

Andretti Acquisition Corp. II is a Cayman Islands-exempted special purpose acquisition company focused on completing an initial business combination. As a blank-check company formed in connection with its initial public offering of units consisting of Class A ordinary shares and redeemable warrants, it is structured to raise capital and then merge with or acquire an operating business.

Average Trading Volume: 34,884

Technical Sentiment Signal: Strong Buy

Current Market Cap: $315.2M

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