Andretti Acquisition II Ends StoreDot Business Combination Plan

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

Andretti Acquisition Corp. II and Israeli battery technology firm StoreDot, along with affiliated merger subsidiaries, have mutually agreed to terminate their previously announced Business Combination Agreement dated December 3, 2025. The termination, executed on February 17, 2026, cancels the planned combination through newly formed entity XFC Battery Ltd. and its merger subsidiaries.

With the termination, all related ancillary agreements have automatically been voided, leaving the business combination and its supporting documents with no further force or effect. Each party has fully released the others from liabilities or damages tied to the transaction documents or proposed deal, clearing the way for Andretti Acquisition Corp. II and StoreDot to pursue alternative strategic options without ongoing obligations from this failed transaction.

More about Andretti Acquisition Corp. II Class A

Andretti Acquisition Corp. II is a special purpose acquisition company focused on effecting mergers, share exchanges, asset acquisitions, or similar business combinations, typically targeting high-growth sectors such as advanced technology and mobility-related industries. The vehicle does not have standalone operating businesses, instead serving as a capital and listing platform for prospective targets.

Average Trading Volume: 90,888

Technical Sentiment Signal: Strong Buy

Current Market Cap: $312.5M

For detailed information about POLE stock, go to TipRanks’ Stock Analysis page.