Andretti Acquisition Corp. II Reports Q2 2026 Financial Results with Decreased Net Income

Andretti Acquisition Corp. II has reported its financial results for the quarter ending June 30, 2026, revealing a net income of $2,013,307, a decrease from $2,289,803 in the same period last year. The company generated interest income of $2,181,072 from marketable securities held in its Trust Account, which was lower than the $2,470,419 earned in the prior year. For the first half of 2026, net income totaled $3,854,451, down from $4,553,206 in the first half of 2025. General and administrative costs for the second quarter were $167,765, a slight decrease from $180,616 in the previous year.

The company’s total assets as of June 30, 2026, amounted to $248,883,413, an increase from $244,423,346 at the end of 2025. This growth was primarily driven by an increase in cash and marketable securities, with cash rising to $225,380 from $48,469 and marketable securities in the Trust Account increasing to $248,590,139 from $244,261,293. The company reported a working capital surplus of $286,599, compared to a deficit of $29,006 at the end of 2025.

In terms of strategic developments, Andretti Acquisition Corp. II has not yet completed any business combinations since its inception. The company had previously entered into a Business Combination Agreement with StoreDot Ltd., but this agreement was terminated on February 17, 2026. The company is currently focused on identifying potential acquisition targets and has filed a definitive proxy statement to seek an extension of its Combination Period from September 9, 2026, to September 9, 2027.

Operationally, the company has maintained a consistent number of shares outstanding, with 23,760,000 Class A ordinary shares and 5,750,000 Class B ordinary shares issued and outstanding as of June 30, 2026. The company continues to incur costs associated with its status as a public entity, including legal and compliance expenses. As of the reporting date, Andretti Acquisition Corp. II had a total of 11,880,000 warrants outstanding, which include both public and private placement warrants.

Looking ahead, the company acknowledges the challenges it faces in completing a business combination within the required timeframe. Management has expressed concerns regarding liquidity and the potential need for additional capital to sustain operations. The company plans to utilize funds held outside the Trust Account for operational expenses and to pursue acquisition opportunities, but there is no assurance that it will successfully complete a business combination or secure necessary financing.