P
Andretti Acquisition Corp. II
POLEWCIK 0002025341NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9FY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$8.35M
Total Assets
$244.42M
Equity
$-10.25M
Shares Out
—
Op. Cash Flow
$-1.20M
Business
Andretti Acquisition Corp. II is a blank check company formed to effect a business combination with one or more target businesses. It offers public units consisting of ordinary shares and warrants, maintains proceeds in a trust account, and its management and sponsor provide sourcing, due diligence and transaction structuring services to complete an initial business combination. Key business activities comprise the IPO and trust-account management, target evaluation and negotiation led by a named management team and advisors. It seeks acquisition targets across industries using a global network and public markets for distribution and listing.
Summary from filing dated 2025-03-25
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation and general and administrative costs | 1 | |
| Loss from operations | −1 | |
| Interest earned on marketable securities held in Trust Account | 10 | |
| Total other income | 10 | |
| Net income | 8 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2024 2024-05-31 |
|---|---|---|---|---|---|
| Cash | 48,469 | 798,454 | — | — | |
| Prepaid expenses | 113,584 | 132,201 | — | — | |
| Total current assets | 162,053 | 930,655 | — | — | |
| Long-term prepaid insurance | — | 76,772 | — | — | |
| Marketable securities held in Trust Account | 244 | 235 | — | — | |
| TOTAL ASSETS | 244 | 236 | — | — | |
| Accrued expenses | 191,059 | 75,556 | — | — | |
| Total current liabilities | 191,059 | 75,556 | — | — | |
| Convertible note - related party | 450,000 | — | — | — | |
| Deferred underwriting fee payable | 10 | 10 | — | — | |
| TOTAL LIABILITIES | 10 | 10 | — | — | |
| COMMITMENTS AND CONTINGENCIES (Note 6) | — | — | — | — | |
| Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.62 and $10.20 per share at December 31, 2025 and 2024, respectively | 244 | 235 | 232 | — | |
| Preferred shares, $0.0001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and 2024 | — | — | — | — | |
| Additional paid-in capital | — | — | — | — | |
| Accumulated deficit | −10 | −9 | — | — | |
| TOTAL SHAREHOLDERS DEFICIT | −10 | −9 | — | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | 244 | 236 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | |
| Payment of formation and general costs through promissory note | — | |
| Prepaid expenses | 18,617 | |
| Long-term prepaid insurance | 76,772 | |
| Accrued expenses | 115,503 | |
| Net cash used in operating activities | −1 | |
| Investment of cash into Trust Account | — | |
| Net cash used in investing activities | — | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | |
| Proceeds from sale of Private Placement Units | — | |
| Proceeds from promissory note - related party | — | |
| Proceeds from convertible promissory note - related party | 450,000 | |
| Repayment of promissory note - related party | — | |
| Payment of offering costs | — | |
| Net cash provided by financing activities | 450,000 | |
| Net Change in Cash | −749,985 | |
| Offering costs included in accrued offering costs | — | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | |
| Deferred offering costs paid through promissory note related party | — | |
| Deferred underwriting fee payable | — |
Filings
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