Andretti Acquisition Corp. II (POLEU) Stock Price, News & Analysis

Company Overview

Andretti Acquisition Corp. II is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the ticker POLEU. The company was formed to pursue a business combination with one or more operating businesses in the mobility, electrification, autonomy, and related technology sectors. As a blank-check vehicle, its primary business activity is to raise capital through an initial public offering and identify a suitable target company or companies for merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination transactions.

Founded in early 2022 in partnership with Andretti Global, the SPAC leverages the automotive pedigree and racing heritage of its sponsor group. Its management team is led by racing entrepreneur Michael Andretti, who serves as chairman and brings decades of experience in motorsport operations and team ownership. The leadership roster also includes finance and deal-structuring professionals with experience in SPAC transactions and investment banking, positioning the company to navigate complex mergers and capital markets activities.

Andretti Acquisition Corp. II targets opportunities within North America and select international markets where electrification, autonomous vehicle technology, and high-performance mobility solutions are experiencing rapid growth. The company seeks to partner with businesses that have established revenues or proprietary technologies in electric powertrains, advanced driver-assistance systems (ADAS), battery innovations, software integration for connected vehicles, and related services supporting the transition to cleaner, smarter transportation.

Once a business combination is completed, the resulting public entity is expected to benefit from Andretti Global’s brand recognition in racing and mobility, as well as the combined expertise of the SPAC’s sponsors and advisory board. Until a definitive merger agreement is announced, Andretti Acquisition Corp. II remains focused on identifying and negotiating with prospective targets that align with its strategic objectives in the evolving mobility landscape.

Key Stats

• Today's Range: $10.52 to $10.52
• 50-Day Range: $10.04 to $11.59
• 52-Week Range: $9.94 to $11.05
• Volume: N/A
• Average Volume: 5,096 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

POLEU Stock Analysis - Frequently Asked Questions

How have POLEU shares performed this year?

Andretti Acquisition Corp. II's stock was trading at $10.04 at the start of the year. Since then, POLEU stock has increased by 4.8% and is now trading at $10.52.

When did Andretti Acquisition Corp. II IPO?

Andretti Acquisition Corp. II (POLEU) raised $200 million in an initial public offering (IPO) on Friday, September 6th 2024. The company issued 20,000,000 shares at $10.00 per share.

How do I buy shares of Andretti Acquisition Corp. II?

Shares of POLEU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Investment Offices
• Sub-Industry: Trading
• Current Symbol: NASDAQ:POLEU
• CIK: 2025341
• Web: N/A
• Phone: (205) 739-8649
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• Employees: N/A
• Year Founded: N/A

Profitability

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Debt

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Sales & Book Value

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Miscellaneous

• Outstanding Shares: N/A
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• Optionable: N/A
• Beta: N/A