Andretti Acquisition Corp. IIPOLE
Cash in trust
—
Not yet disclosed
Trust per share
—
Redemption value
IPO
Sep 2024
$230.0M raised
Combination deadline
Sep 9, 2026
5 days remaining
Filings on record
75
Latest Sep 3, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Dec 3, 2025
Overview
Andretti Acquisition Corp. II is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002025341. It completed its initial public offering in Sep 2024, raising $230.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker POLE, units under POLEU, warrants under POLEW on Nasdaq. The vehicle is sponsored by Andretti through Andretti Sponsor II LLC. Definitive business-combination agreement signed, closing pending.
Reading the filings
Arithmetic on what Andretti Acquisition Corp. II has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Time on the clock
5 days to the Sep 9, 2026 deadline. Inside ninety days a sponsor has three routes and no others: close, call a shareholder vote to extend (which opens a redemption window and usually costs a monthly contribution into the trust), or liquidate and return the cash. This is the window where redemption arithmetic starts to dominate the share price.
Underwriting
BTIG led the offering. It has been named on 68 SPAC IPOs, book-running 63 of them, and 13.8% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Scores
Recomputed 4m agoThree readings of Andretti Acquisition Corp. II, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
FOMO
ModerateHow much attention is this vehicle attracting right now?
46/100
- Filing activity94
9 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness46
announced 275 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ElevatedHow likely is this vehicle to complete a combination, and at what scale?
67/100
- Lead bank record45
13.8%
- Bank franchise70
68 SPAC mandates
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
SEC filing history
Free tier: filings older than 24 hours- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-096879
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-26-096872
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-095891
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-26-095886
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-095187
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Other events
Items 1.01, 5.07, 8.01, 9.01 · Accession 0001213900-26-095145
- 10-Q
Quarterly report
Accession 0001213900-26-086144
- DEF 14A
Definitive proxy statement
Accession 0001213900-26-083331
- PRE 14A
PROXY STATEMENT
Accession 0001213900-26-079665
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-26-000171
- 10-Q
Quarterly report
Accession 0001213900-26-053329
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000886982-26-000125
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 3.02, 9.01 · Accession 0001213900-26-048016
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001140361-26-015619
- 10-K
Annual report
Accession 0001213900-26-033562
- 425
Business-combination communication
Accession 0001213900-26-017475
- 8-K
Termination of a material definitive agreement
Items 1.02, 9.01 · Accession 0001213900-26-017467
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001011438-26-000121
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000927971-26-000008
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000312069-26-000038
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-25-125356
- 425
Business-combination communication
Accession 0001213900-25-119694
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001213900-25-119691
- 425
Business-combination communication
Accession 0001213900-25-117588
- 8-K
Regulation FD disclosure; Other events
Items 7.01, 8.01, 9.01 · Accession 0001213900-25-117587
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000927971-25-000028
- 10-Q
Quarterly report
Accession 0001213900-25-108214
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 3.02, 9.01 · Accession 0001213900-25-099137
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001326389-25-000260
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-25-000530
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Andretti Acquisition Corp. II: questions answered
What is Andretti Acquisition Corp. II (POLE)?
Andretti Acquisition Corp. II is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002025341. It completed its initial public offering in Sep 2024, raising $230.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker POLE, units under POLEU, warrants under POLEW on Nasdaq. The vehicle is sponsored by Andretti through Andretti Sponsor II LLC. Definitive business-combination agreement signed, closing pending.
How much does Andretti Acquisition Corp. II hold in trust?
No trust balance has been disclosed in a filing we have indexed for Andretti Acquisition Corp. II. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.
When must Andretti Acquisition Corp. II complete a merger?
By Sep 9, 2026. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Andretti Acquisition Corp. II does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Andretti Acquisition Corp. II, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Andretti Acquisition Corp. II trade under?
Class A shares trade as POLE on Nasdaq, the units as POLEU, and the warrants as POLEW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Andretti Acquisition Corp. II?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Andretti Acquisition Corp. II's founder shares and warrants create?
Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Andretti Acquisition Corp. II, and what is their track record?
Andretti Sponsor II LLC is the sponsor entity, part of the Andretti franchise. This is the only vehicle we have attributed to that sponsor. Named principals: William M. Brown.
Which banks underwrote the Andretti Acquisition Corp. II IPO?
BTIG. BTIG was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Andretti Acquisition Corp. II tradeable, and where?
Yes. POLE returned a live quote of $11.14 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Andretti Acquisition Corp. II a good investment?
That is not a question this site answers. Andretti Acquisition Corp. II is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Andretti Acquisition Corp. II data come from?
Filings Andretti Acquisition Corp. II submitted to the SEC under CIK 0002025341: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Andretti: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
BTIG in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.