secwatch.observer — SEC 8-K summary
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Issuer:     Andretti Acquisition Corp. II (POLE)
CIK:        0002025341
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001213900-25-119691
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Andretti SPAC (POLE) to merge with StoreDot in $800M business combination
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- Implied enterprise value of StoreDot at $800M plus new cash proceeds from Transaction Financing after BCA date; consideration in Pubco shares at $10 per share.
- Minimum cash condition requires SPAC trust proceeds plus all Transaction Financing to be at least $32M plus transaction fees.
- Bridge Financing of at least $5M must close by Dec 20, 2025; binding commitments for $32M total financing by Jan 10, 2026.
- Post-Closing Pubco board to have 6 directors: up to 5 designated by StoreDot and 1 by Sponsor; classified board with 3 classes.
- Lock-up period of 6 months for StoreDot locked-up holders and Sponsor; no termination fee in BCA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2025341/000121390025119691/0001213900-25-119691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2025341/000121390025119691/ea0268791-8k425_andretti2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-119691

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