Andretti Acquisition Corp. II

Andretti Acquisition Corp. II announced a Special Meeting on August 28, 2026, for shareholders to vote on extending the deadline to complete a business combination. The company proposes to extend the deadline from September 9, 2026, to September 9, 2027, to allow more time to find a suitable target. Public shareholders will have the option to redeem their shares at approximately $10.83 per share if the extension is approved. The meeting will also address the ratification of the independent auditor and an adjournment proposal.

Andretti Acquisition Corp. II announced the termination of its Business Combination Agreement with StoreDot Ltd. on February 17, 2026. For the first quarter of 2026, the company reported a decrease in net income to $1.84 million from $2.26 million in the prior year, alongside increased general and administrative costs. The company also noted substantial doubt about its ability to continue as a going concern, given its mandatory liquidation date of September 9, 2026, if a business combination is not completed.

Andretti Acquisition Corp. II (POLE) amended and restated its promissory notes on April 27, 2026, increasing the aggregate principal amount to $4,375,000. The notes, issued to William J. Sandbrook, Michael Andretti, and William M. Brown, will be used for working capital purposes and bear no interest. Up to $1,500,000 of the principal may be converted into company units at $10.00 per unit upon the consummation of a business combination.