Andretti Acquisition registered with the SEC to offer 25 million units at $10 each. A unit consists of one Class A ordinary share and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
Two key members of the management team are racing legends Mario (pictured) and Michael Andretti. The SPAC intends to focus on opportunities that can benefit from the iconic Andretti brand name, both inside and outside of the worldwide motor sports platform and the expertise and ability of the management team to identify, acquire and grow a business in the broadly-defined automotive industry.
The SPAC said it will apply for a NYSE listing under WNNR.U. Read more.
