Andretti Acquisition Corp. completes $230M IPO, deposits $235.75M in trust

Zapata Quantum, Inc.

Closed IPO of 23,000,000 units at $10.00/unit for gross proceeds of $230,000,000; full exercise of over-allotment (3,000,000 units).
Private placement of 13,550,000 warrants at $1.00/warrant to Sponsor and Sponsor Co-Investor for gross proceeds of $13,550,000.
Net proceeds of $235,750,000 placed in trust account with Continental Stock Transfer & Trust; $2,530,472 cash held outside trust for working capital.
Transaction costs totaled $23,807,600 including underwriting fees, deferred fees, and offering costs; deferred underwriting fee payable $8,050,000.
Audited balance sheet as of January 18, 2022 shows total assets $238,309,321 and shareholders' deficit $(5,596,450).

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