POLEAndretti Acquisition Corp. II
The schedule
- Thu15Oct
By late 2026, investors will be looking for Andretti Acquisition Corp. II to announce a letter of intent or full business combination agreement; the first disclosure of a target could re-rate the stock away from its $10.85 SPAC baseline.
- Thu31Dec
Assuming a target is identified, late 2026 should bring a definitive merger agreement and details on any PIPE or backstop financing, which will determine how investors value the combined company relative to the $10.40 SPAC base.
- Sun28Feb
Following a definitive deal, Andretti Acquisition Corp. II will face a shareholder vote on the merger; approval would complete the de-SPAC process and transition the company from a cash shell trading near $11.20 to an operating public company, while failure could force liquidation.
- Thu6May
- Thu5Aug
Past
- Thu6Aug
Actual outcome: Mixed · $10.82 at outcome
POLE reported Q2 2026 EPS of $0.0531, exactly in line with consensus estimates. With no significant earnings surprises or major shifts in the fundamental narrative, the stock remained completely flat in the week following the release.
- Fri31Jul
Actual outcome: Bull · $10.71 at outcome
Shareholders approved the charter extension for Andretti Acquisition Corp. II, granting the SPAC additional time to secure and finalize a business combination. The successful vote and associated sponsor contributions to the trust account increased the net asset value per share, driving the stock to reach the bull target.
If Andretti Acquisition Corp. II approaches its initial deadline without a signed deal, a shareholder meeting around mid-2026 to extend the SPAC’s life would be a key binary catalyst for the stock around $10.75.
- Thu7May
Actual outcome: Bull · $10.74 at outcome
The Q1 2026 10-Q confirmed the steady accumulation of interest in Andretti Acquisition Corp. II's trust account, reinforcing the SPAC's embedded yield and downside protection. With no major operating noise, this ongoing cash yield allowed the share price to steadily drift higher over the following months, ultimately exceeding the $10.75 bull target.
The Q1 2026 10-Q should give an updated view of Andretti Acquisition Corp. II’s trust balance, cash yield and runway for completing a business combination, with limited operating noise but implications for the SPAC’s embedded yield and downside protection around $10.68.