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

Company Overview

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the Nasdaq under the ticker POLEU. The firm was formed with the purpose of identifying and consummating a business combination with one or more operating businesses, primarily within the automotive, mobility, motorsports and related technology sectors. As a blank-check company, Andretti Acquisition Corp. II seeks to leverage public market capital to partner with growth-oriented enterprises that can benefit from the Andretti Global brand and expertise in performance engineering and racing innovation.

The SPAC is sponsored by Andretti Global, the parent company of the Andretti racing organization founded by three-time IndyCar champion Mario Andretti and now led by his son, Michael Andretti, who serves as Executive Chairman. The management team brings a blend of motorsport pedigree and business experience, with senior executives who have directed racing operations, led commercial partnerships, and overseen high-performance vehicle development. Through this leadership, the company aims to source deal flow globally and support emerging businesses that align with evolving trends in electrification, autonomous technology and sustainable mobility solutions.

Since its initial public offering in May 2021, which generated gross proceeds of approximately $172.5 million, Andretti Acquisition Corp. II has been focused on evaluating target companies across North America, Europe and other key markets where advanced mobility and high-performance automotive technologies are gaining traction. The SPAC structure allows it to move swiftly in negotiating transactions and to offer private companies a path to public markets while providing investors the opportunity to participate in the growth of next-generation transportation and motorsports enterprises.

Key Stats

• Today's Range: $10.49 to $10.49
• 50-Day Range: $10.04 to $11.59
• 52-Week Range: $9.94 to $11.05
• Volume: N/A
• Average Volume: 5,013 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 beginning of the year. Since then, POLEU shares have increased by 4.6% and is now trading at $10.50.

When did Andretti Acquisition Corp. II IPO?

Andretti Acquisition Corp. II (POLEU) raised $200 million in an initial public offering 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