Andretti Acquisition Corp II

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 7, 2024

POLE$10.740.0%Stored close · as of Nov 5, 2026

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Contents

Unaudited Condensed Balance Sheet as of September 30, 2024

CONDENSED BALANCE SHEET

Assets
Current assets
Cash	$876,169
Prepaid expenses	207,036
Total current assets	1,083,205
Long-term prepaid insurance	105,521
Marketable securities held in Trust Account	231,814,125
Total Assets	$233,002,851
Liabilities and Shareholders’ Deficit
Current liabilities
Accrued expenses	$78,083
Accrued offering costs	1,998
Total current liabilities	80,081
Deferred underwriting fee	9,775,000
Total Liabilities	9,855,081
Commitments and Contingencies (Note 6)
Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.08 per share	231,814,125
Shareholders’ Deficit
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding	—
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 760,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption)	76
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 5,750,000 shares issued and outstanding	575
Additional paid-in capital	—
Accumulated deficit	(8,667,006)
Total Shareholders’ Deficit	(8,666,355)
Total Liabilities and Shareholders’ Deficit	$233,002,851

CONDENSED STATEMENTS OF OPERATIONS

	For the Three Months Ended September 30,	For the Period from May 21, 2024 (Inception) Through September 30,
	2024	2024
Formation and general costs	$82,759	$126,451
Loss from operations	(82,759)	(126,451)
Other income:
Interest earned on marketable securities held in Trust Account	664,125	664,125
Total other income, net	664,125	664,125
Net income	$581,366	$537,674
Weighted average shares outstanding, Class A redeemable ordinary shares	5,307,692	3,659,091
Basic net income per share, Class A redeemable ordinary shares	$0.05	$0.06
Weighted average shares outstanding, Class A and B non-redeemable ordinary shares	5,348,462	5,126,591
Basic net income per share, Class A and B non-redeemable ordinary shares	$0.05	$0.06
Weighted average shares outstanding, Class A and B non-redeemable ordinary shares	5,925,385	5,524,318
Diluted net income per share, Class A and B non-redeemable ordinary shares	$0.05	$0.06

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024 AND FOR THE PERIOD FROM MAY 21, 2024 (INCEPTION) THROUGH SEPTEMBER 30, 2024

Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’
	Shares	Amount	Shares	Amount	Capital	Deficit	Deficit
Balance — May 21, 2024 (Inception)	—	$—	—	$—	$—	$—	$—
Issuance of Class B ordinary shares to Sponsor	—	—	5,750,000	575	24,425	—	25,000
Net loss	—	—	—	—	—	(43,692)	(43,692)
Balance – June 30, 2024	—	—	5,750,000	575	24,425	(43,692)	(18,692)
Accretion for Class A ordinary shares to redemption amount	—	—	—	—	(9,151,921)	(9,204,680)	(18,356,601)
Sale of 760,000 Private Placement Units	760,000	76	—	—	7,599,924	—	7,600,000
Fair Value of Public Warrants at issuance	—	—	—	—	1,656,000	—	1,656,000
Allocated value of transaction costs to Class A shares	—	—	—	—	(128,428)	—	(128,428)
Net income	—	—	—	—	—	581,366	581,366
Balance – September 30, 2024	760,000	$76	5,750,000	$575	$—	$(8,667,006)	$(8,666,355)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.