Andretti Acquisition Corp. II Business Summary

Andretti Acquisition Corp. II (NASDAQ: POLE) is a special purpose acquisition company (SPAC) that generates revenue through interest income on trust account holdings while seeking a business combination. In December 2025, the company entered into a definitive merger agreement with StoreDot Ltd., a pioneer in extreme fast-charging (XFC) battery technology for electric vehicles. Upon the anticipated closing of this transaction, the business model will transition to a high-growth industrial technology framework focused on the manufacturing and licensing of silicon-dominant lithium-ion batteries. The company operates within the shell company segment of the financial services sector, specifically targeting the global EV supply chain. Its primary market competitors include QuantumScape, Solid Power, and SES AI; Andretti II distinguishes itself by leveraging its deep-rooted motorsport heritage and strategic automotive partnerships to accelerate the commercialization of XFC technology for mass-market adoption. The leadership team is anchored by Executive Chairman William J. Sandbrook, the former CEO of U.S. Concrete, and Chief Executive Officer William Matthew Brown, who previously served as CFO for Andretti Acquisition Corp. I and Forterra. The enterprise is significantly bolstered by the involvement of racing icon Michael Andretti, who serves as a Special Advisor and Director, alongside legendary advisor Mario Andretti. The board of directors features a high-pedigree roster of industry veterans, including Zakary C. Brown (CEO of McLaren Racing), James W. Keyes (former CEO of 7-Eleven and Blockbuster), and Gerald D. Putnam (former CEO of the New York Stock Exchange). Notable institutional backing includes a significant 5.01% equity position held by Barclays PLC as of early 2026, reflecting strong institutional confidence in the team’s ability to execute its strategic pivot into the energy storage sector.