Andretti Acquisition Corp. II is a SPAC incorporated in the Cayman Islands in May 2024, with no operations, products, or revenues. Its sole purpose is to raise capital and use it to acquire a private company, taking it public through a merger. The SPAC raised $230M in its September 2024 IPO and holds approximately $244M in trust to deploy toward an acquisition. The management team, led by Executive Chairman William Sandbrook and CEO Matt Brown, is responsible for identifying and completing a Business Combination before a September 2026 deadline, after which the SPAC must liquidate and return capital to shareholders. The SPAC is affiliated with the Andretti racing family — Michael Andretti serves as a board member and special advisor, and Mario Andretti is an advisor. The management team previously ran Andretti Acquisition Corp., an earlier SPAC that merged with Zapata Computing in March 2024. The SPAC is sector-agnostic but prefers targets with established competitive positions, proprietary technology or brands, and a clear public market narrative. The SPAC entered into a Business Combination Agreement with StoreDot, an Israeli battery technology company, in December 2025, but mutually terminated that deal in February 2026, and is now actively searching for a new target.