other material
confidence high
sentiment neutral
materiality 0.55
Andretti Acquisition Corp. II amends underwriting deal with BTIG for StoreDot business combination
Andretti Acquisition Corp. II
- Deferred underwriting commissions reduced to $8.0M; payable in cash or cash+shares based on closing cash.
- If Closing Cash >= $70M, pay $8M cash; if less, $2M cash + $6M in Pubco shares valued at $10 or lower.
- BTIG granted registration rights for deferred fee shares and ROFR for placement agent in Transaction Financing.
- BTIG also gets ROFR for underwriting any new SPAC IPO by Andretti sponsors within 12 months of close.