Andretti Acquisition Corp. II's biggest risks in the FY2024 10-K
- Failure to complete the initial business combination by September 9, 2026 could trigger an extension and shareholder redemptions.
- The $231.15 million Trust Account and $10.00 offering price may not protect investors from post-combination share-price declines.
- IPO-related agreements may be amended or waived without shareholder approval.
The risks most specific to Andretti Acquisition Corp. II
We may seek to extend the Combination Period, which could reduce the amount held in our Trust Account and have adverse effects on our Company
Failure to complete the initial business combination by September 9, 2026 could require an extension, allowing Public Shareholders to redeem shares and reducing the Trust Account.
The share price of the post-Business Combination company may be less than the Redemption Price of our Public Shares
The post-combination company’s share price could fall below the $10.00 Public Unit price or the redemption value despite $231.15 million in the Trust Account.
Certain agreements related to the Initial Public Offering may be amended, or their provisions waived, without shareholder approval
Underwriting, registration rights, private placement, and administrative agreements may be amended or waived without shareholder approval.
Risk factor headings as read
Headings as the filing states them, in filing order.
Other
- 01We may seek to extend the Combination Period, which could reduce the amount held in our Trust Account and have adverse effects on our Company
- 02The share price of the post-Business Combination company may be less than the Redemption Price of our Public Shares
- 03Certain agreements related to the Initial Public Offering may be amended, or their provisions waived, without shareholder approval
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.