Andretti Acquisition Corp. II’s (NASDAQ:POLEU) Lock-Up Period Set To Expire Tomorrow

Andretti Acquisition Corp. II’s (NASDAQ:POLEU) lock-up period is set to expire on Wednesday, March 5th. Andretti Acquisition Corp. II had issued 20,000,000 shares in its public offering on September 6th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of Andretti Acquisition Corp. II’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Andretti Acquisition Corp. II Stock Performance

POLEU opened at $10.35 on Tuesday. Andretti Acquisition Corp. II has a 1-year low of $9.94 and a 1-year high of $11.05. The business’s fifty day simple moving average is $10.12.

About Andretti Acquisition Corp. II

We are a blank check company incorporated on May 21, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.