Andretti Acquisition Corp. II (POLE): debt financing — Andretti Acquisition Corp. II amends promissory notes to $4.375M total for working capital

Andretti Acquisition Corp. II

Original promissory notes aggregated $1.5M; amended to $4.375M total.
Notes are unsecured, bear no interest, due at business combination or liquidation.
Up to $1.5M of principal may be converted into units at $10.00 per unit upon business combination.
Proceeds used for working capital; notes issued to three insiders (Sandbrook, Andretti, Brown).
Conversion units consist of one Class A share and one-half warrant, identical to private placement units.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Andretti Acquisition Corp. II amended debt of $2,100,000, $875,000 and $1,400,000, respectively, for a revised aggregate total of $4,375,000 with William J. Sandbrook, Michael Andretti and William M. Brown at no interest maturing the earlier of (i) the consummation of the Company's initial business combination and (ii) the date of liquidation of the Company.

Principal: $2,100,000, $875,000 and $1,400,000, respectively, for a revised aggregate total of $4,375,000
Counterparty: William J. Sandbrook, Michael Andretti and William M. Brown
Rate: no interest
Maturity: the earlier of (i) the consummation of the Company's initial business combination and (ii) the date of liquidation of the Company
Event: amendment

Exact text from the filing

On April 27, 2026, the Company amended and restated the Original Notes (the “ Amended and Restated Notes ”) to increase the total principal amounts to $2,100,000, $875,000 and $1,400,000, respectively, for a revised aggregate total of $4,375,000.

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Andretti Acquisition Corp. II issued convertible note to William J. Sandbrook, Michael Andretti and William M. Brown.

Security: convertible note
Purchaser: William J. Sandbrook, Michael Andretti and William M. Brown

Exact text from the filing

The issuance of the Amended and Restated Notes was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Andretti Acquisition Corp. II amended Amended and Restated Promissory Notes with William J. Sandbrook, Michael Andretti and William M. Brown valued at aggregate total amended to $4,375,000 (effective 2026-04-27).

Action: amendment
Agreement: notes offering
Counterparty: William J. Sandbrook, Michael Andretti and William M. Brown
Value: aggregate total amended to $4,375,000
Effective: 2026-04-27

Exact text from the filing

On April 27, 2026, the Company amended and restated the Original Notes (the “ Amended and Restated Notes ”) to increase the total principal amounts to $2,100,000, $875,000 and $1,400,000, respectively, for a revised aggregate total of $4,375,000.

View on SEC.gov

Browse all debt financings →

Andretti Acquisition Corp. II filing history →

Source: SEC EDGAR

accession 0001213900-26-048016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.