Michael Andretti sis trying to find a target to merge with his Andretti Acquisition before the clock runs out next year, Bloomberg reports. SPAC CEO Bill Sandbrook (former CEO of U.S. Concrete) and CFO Matt Brown also discuss how the effort is going.
Although McLaren Racing CEO Zak Brown sits on the SPAC’s board, Andretti’s ambitions to own an F1 team are separate and he reportedly will not use the SPAC to buy a team. Andretti recently filed an application to have a Formula One team starting in 2024. Read more.
