SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. )*
Andretti
Acquisition Corp. II
(Name
of Issuer)
Class
A Ordinary Shares, $0.0001 par value
(Title
of Class of Securities)
G26745
102
(CUSIP
Number)
William
M. Brown
100 Kimball Place, Suite 550
Alpharetta GA 30009
(770) 299-2201
(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
September
9, 2024
(Date
of Event which Requires Filing of this Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ☐
Note: Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7
for other parties to whom copies are to be sent.
| * | The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page. |
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18
of the Securities Exchange Act of 1934 (“Act”) or other subject to the liabilities of that section of Act but shall be subject
to all other provisions of the Act (however, see the Notes).
CUSIP
No. G26745 102
| 1 |
Names
of Reporting Person.
Andretti
Sponsor II LLC |
| 2 |
Check
the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐ |
| 3 |
SEC
Use Only
|
| 4 |
Source
of Funds (See Instructions)
WC |
| 5 |
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐
|
| 6 |
Citizenship
or Place of Organization |
| |
|
| |
Delaware |
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With |
7 |
Sole
Voting Power
6,200,000
(1) |
| 8 |
Shared
Voting Power (see Item 5 below)
0 |
| 9 |
Sole
Dispositive Power
6,200,000
(1) |
| 10 |
Shared
Dispositive Power (see Item 5 below)
0 |
| 11 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
6,200,000
(1) |
| 12 |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
|
| 13 |
Percent
of Class Represented by Amount in Row (11)
21.0% |
| 14 |
Type
of Reporting Person
OO |
| (1) | Includes
450,000 shares of the Issuer’s Class A ordinary shares, $0.0001 par value (“Class A Ordinary Shares”) and 5,750,000
of the Issuer’s Class B ordinary shares, $0.0001 par value (“Class B Ordinary Shares” and, together with the Class
A Ordinary Shares, the “Ordinary Shares”), which are automatically convertible into Class A Ordinary Shares at the time of
the Issuer’s initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination,
at the option of the holder, subject to adjustment as more fully described under the heading “Description of Securities—Founder
Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-280552). There are four managing members of Andretti
Sponsor II LLC (the “Sponsor”), Mario Andretti, Michael M. Andretti, William J. Sandbrook, and William M. Brown. The approval
of managing members holding at least 50% of the economic interests of the Sponsor held by such persons is required to approve an action.
All of the officers, directors and advisors of the Issuer are members of the Sponsor. Each such person disclaims any beneficial ownership
of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly. |
CUSIP
No. G26745 102
| 1 |
Names
of Reporting Person.
Mario
Andretti |
| 2 |
Check
the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐ |
| 3 |
SEC
Use Only
|
| 4 |
Source
of Funds (See Instructions)
OO |
| 5 |
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐
|
| 6 |
Citizenship
or Place of Organization |
| |
|
| |
United
States of America |
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With |
7 |
Sole
Voting Power
0 |
| 8 |
Shared
Voting Power (see Item 5 below)
6,200,000
(1) |
| 9 |
Sole
Dispositive Power
0 |
| 10 |
Shared
Dispositive Power (see Item 5 below)
6,200,000
(1) |
| 11 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
6,200,000
(1) |
| 12 |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
|
| 13 |
Percent
of Class Represented by Amount in Row (11)
21.0% |
| 14 |
Type
of Reporting Person
IN |
| (1) | Includes
450,000 shares of the Issuer’s Class A ordinary shares, $0.0001 par value (“Class A Ordinary Shares”) and 5,750,000
of the Issuer’s Class B ordinary shares, $0.0001 par value (“Class B Ordinary Shares” and, together with the Class
A Ordinary Shares, the “Ordinary Shares”), which are automatically convertible into Class A Ordinary Shares at the time of
the Issuer’s initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination,
at the option of the holder, subject to adjustment as more fully described under the heading “Description of Securities—Founder
Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-280552). There are four managing members of the
Sponsor, Mario Andretti, Michael M. Andretti, William J. Sandbrook, and William M. Brown. The approval of managing members holding at
least 50% of the economic interests of the Sponsor held by such persons is required to approve an action. All of the officers, directors
and advisors of the Issuer are members of the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other
than to the extent of any pecuniary interest they may have therein, directly or indirectly. |
CUSIP
No. G26745 102
| 1 |
Names
of Reporting Person.
Michael
M. Andretti |
| 2 |
Check
the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐ |
| 3 |
SEC
Use Only
|
| 4 |
Source
of Funds (See Instructions)
OO |
| 5 |
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐
|
| 6 |
Citizenship
or Place of Organization |
| |
|
| |
United
States of America |
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With |
7 |
Sole
Voting Power
0 |
| 8 |
Shared
Voting Power (see Item 5 below)
6,200,000
(1) |
| 9 |
Sole
Dispositive Power
0 |
| 10 |
Shared
Dispositive Power (see Item 5 below)
6,200,000
(1) |
| 11 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
6,200,000
(1) |
| 12 |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
|
| 13 |
Percent
of Class Represented by Amount in Row (11)
21.0% |
| 14 |
Type
of Reporting Person
IN |
| (1) | Includes
450,000 shares of the Issuer’s Class A ordinary shares, $0.0001 par value (“Class A Ordinary Shares”) and 5,750,000
of the Issuer’s Class B ordinary shares, $0.0001 par value (“Class B Ordinary Shares” and, together with the Class
A Ordinary Shares, the “Ordinary Shares”), which are automatically convertible into Class A Ordinary Shares at the time of
the Issuer’s initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination,
at the option of the holder, subject to adjustment as more fully described under the heading “Description of Securities—Founder
Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-280552). There are four managing members of the
Sponsor, Mario Andretti, Michael M. Andretti, William J. Sandbrook, and William M. Brown. The approval of managing members holding at
least 50% of the economic interests of the Sponsor held by such persons is required to approve an action. All of the officers, directors
and advisors of the Issuer are members of the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other
than to the extent of any pecuniary interest they may have therein, directly or indirectly. |
CUSIP
No. G26745 102
| 1 |
Names
of Reporting Person.
William
J. Sandbrook |
| 2 |
Check
the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐ |
| 3 |
SEC
Use Only
|
| 4 |
Source
of Funds (See Instructions)
OO |
| 5 |
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐
|
| 6 |
Citizenship
or Place of Organization |
| |
|
| |
United
States of America |
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With |
7 |
Sole
Voting Power
0 |
| 8 |
Shared
Voting Power (see Item 5 below)
6,200,000
(1) |
| 9 |
Sole
Dispositive Power
0 |
| 10 |
Shared
Dispositive Power (see Item 5 below)
6,200,000
(1) |
| 11 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
6,200,000
(1) |
| 12 |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
|
| 13 |
Percent
of Class Represented by Amount in Row (11)
21.0% |
| 14 |
Type
of Reporting Person
IN |
| (1) | Includes
450,000 shares of the Issuer’s Class A ordinary shares, $0.0001 par value (“Class A Ordinary Shares”) and 5,750,000
of the Issuer’s Class B ordinary shares, $0.0001 par value (“Class B Ordinary Shares” and, together with the Class
A Ordinary Shares, the “Ordinary Shares”), which are automatically convertible into Class A Ordinary Shares at the time of
the Issuer’s initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination,
at the option of the holder, subject to adjustment as more fully described under the heading “Description of Securities—Founder
Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-280552). There are four managing members of the
Sponsor, Mario Andretti, Michael M. Andretti, William J. Sandbrook, and William M. Brown. The approval of managing members holding at
least 50% of the economic interests of the Sponsor held by such persons is required to approve an action. All of the officers, directors
and advisors of the Issuer are members of the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other
than to the extent of any pecuniary interest they may have therein, directly or indirectly. |
CUSIP
No. G26745 102
| 1 |
Names
of Reporting Person.
William
M. Brown |
| 2 |
Check
the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐ |
| 3 |
SEC
Use Only
|
| 4 |
Source
of Funds (See Instructions)
OO |
| 5 |
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) ☐
|
| 6 |
Citizenship
or Place of Organization |
| |
|
| |
United
States of America |
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With |
7 |
Sole
Voting Power
0 |
| 8 |
Shared
Voting Power (see Item 5 below)
6,200,000
(1) |
| 9 |
Sole
Dispositive Power
0 |
| 10 |
Shared
Dispositive Power (see Item 5 below)
6,200,000
(1) |
| 11 |
Aggregate
Amount Beneficially Owned by Each Reporting Person
6,200,000
(1) |
| 12 |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
|
| 13 |
Percent
of Class Represented by Amount in Row (11)
21.0% |
| 14 |
Type
of Reporting Person
IN |
| (1) | Includes
450,000 shares of the Issuer’s Class A ordinary shares, $0.0001 par value (“Class A Ordinary Shares”) and 5,750,000
of the Issuer’s Class B ordinary shares, $0.0001 par value (“Class B Ordinary Shares” and, together with the Class
A Ordinary Shares, the “Ordinary Shares”), which are automatically convertible into Class A Ordinary Shares at the time of
the Issuer’s initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination,
at the option of the holder, subject to adjustment as more fully described under the heading “Description of Securities—Founder
Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-280552). There are four managing members of the
Sponsor, Mario Andretti, Michael M. Andretti, William J. Sandbrook, and William M. Brown. The approval of managing members holding at
least 50% of the economic interests of the Sponsor held by such persons is required to approve an action. All of the officers, directors
and advisors of the Issuer are members of the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other
than to the extent of any pecuniary interest they may have therein, directly or indirectly. |
SCHEDULE
13D
This
Schedule 13D is filed on behalf of Andretti Sponsor II LLC, a Delaware limited liability company (the “Sponsor”), Mario Andretti,
Michael M. Andretti, William J. Sandbrook, and William M. Brown (collectively, the “Reporting Persons”).
Item
1. Security and Issuer
Securities
acquired: Class A ordinary shares, $0.0001 par value (“Class A Ordinary Shares”)
Issuer: Andretti
Acquisition Corp. II
7615
Zionsville Road, Indianapolis, Indiana 46268.
Item
2. Identity and Background
(a)
This statement is filed by:
(i)
the Sponsor, which is the holder of record of approximately 21.0% of the issued and outstanding ordinary shares (“Ordinary Shares”)
of the Issuer (29,510,000) based on the number of Class A Ordinary Shares (23,760,000) and Class B ordinary shares, $0.0001 par value
(“Class B Ordinary Shares”) (5,750,000) outstanding as of September 9, 2024, as reported by the Issuer in Exhibit 99.1 to
its Current Report on Form 8-K, filed by the Issuer with the Securities and Exchange Commission (the “SEC”) on September
13, 2024;
(ii)
Mario Andretti, who is a managing member of the Sponsor and an advisor of the Issuer;
(iii)
Michael M. Andretti, who is a managing member of the Sponsor, a special advisor and a member of the board of directors (the “Board”)
of the Issuer;
(iv)
William J. Sandbrook, who is a managing member of the Sponsor, an Executive Chairman and the Chairman of the Board; and
(v)
William M. Brown, who is a managing member of the Sponsor, Chief Executive Officer and Principal Financial and Accounting Officer of
the Issuer.
All
disclosures herein with respect to any Reporting Person are made only by such Reporting Person. Any disclosures herein with respect to
persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)
The address of the principal business and principal office of each of the Sponsor, Mario Andretti, Michael M. Andretti, William J.
Sandbrook, and William M. Brown is 100 Kimball Place, Suite 550, Alpharetta GA 30009.
(c)
The Sponsor’s principal business is to act as the Issuer’s sponsor. The principal business of each of Mario Andretti, Michael
M. Andretti, William J. Sandbrook, and William M. Brown is to act as the managing member of Sponsor. The principal occupation of Mario
Andretti is an advisor of the Issuer. The principal occupation of Michael M. Andretti is a special advisor and a member of the Board
of the Issuer. The principal occupation of William J. Sandbrook is the Executive Chairman and the Chairman of the Board of the Issuer.
The principal occupation of and William M. Brown is Chief Executive Officer, Principal Financial and Accounting Officer of the Issuer.
(d)
None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e)
None of the Reporting Persons has, during the last five years, been a party to civil proceeding of a judicial administrative body of
competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect
to such laws.
(f)
The Sponsor is a Delaware limited liability company. Mario Andretti, Michael M. Andretti, William J. Sandbrook, and William M. Brown
are citizens of the United States.
Item
3. Source and Amount of Funds or Other Consideration.
The
aggregate purchase price for the Ordinary Shares currently beneficially owned by the Reporting Persons was $4,525,000. The source of
these funds was the working capital of the Sponsor.
Item
4. Purpose of the Transaction
In
connection with the organization of the Issuer, on May 24, 2024, 5,750,000 Class B Ordinary Shares (the “Founder Shares”)
were purchased by the Sponsor for the amount of $25,000, pursuant to a Securities Subscription Agreement, dated as of May 24, 2024, by
and between the Sponsor and the Issuer (the “Founder Share Purchase Agreement”), as more fully described in Item 6 of this
Schedule 13D which information is incorporated herein by reference.
On
September 9, 2024, simultaneously with the consummation of the Issuer’s Initial Public Offering (the “IPO”), the Sponsor
purchased 450,000 units (“Placement Units”) of the Issuer at $10.00 per Placement Unit, pursuant to a Private Placement Units
Purchase Agreement, dated as of September 5, 2024, by and between the Issuer and the Sponsor (the “Placement Units Purchase Agreement”),
as more fully described in Item 6 of this Schedule 13D, which information is incorporated herein by reference. Each Placement Unit consists
of one Class A Ordinary Share and one-half of one warrant, each whole warrant exercisable to purchase one Class A Ordinary Share, at
an exercise price of $11.50 per share (as described more fully in the Issuer’s Final Prospectus dated September 5, 2024).
The
Ordinary Shares owned by the Reporting Persons have been acquired for investment purposes. The Reporting Persons may make further acquisitions
of the Ordinary Shares from time to time and, subject to certain restrictions, may dispose of any or all of the Ordinary Shares held
by the Reporting Persons at any time depending on an ongoing evaluation of the investment in such securities, prevailing market conditions,
other investment opportunities and other factors. However, certain of such shares are subject to certain lock-up restrictions as further
described in Item 6 below.
Except
for the foregoing, the Reporting Persons have no plans or proposals which relate to, or could result in, any of the matters referred
to in paragraphs (a) and (c) through (j) of Item 4 of Schedule 13D.
With
respect to paragraph (b) of Item 4, the Issuer is a newly organized blank check company 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.
Under various agreements between the Issuer and the Reporting Persons as further described in Item 6 below, the Sponsor, Mario Andretti,
Michael M. Andretti, William J. Sandbrook, and William M. Brown have agreed (A) to vote their shares in favor of any proposed business
combination and (B) not to redeem any shares in connection with a shareholder vote (or tender offer) to approve (or in connection with)
a proposed initial business combination. The Reporting Persons may, at any time and from time to time, review or reconsider their position,
change their purpose or formulate plans or proposals with respect to the Issuer.
Item
5. Interest in Securities of the Issuer
(a)-(b)
The aggregate number and percentage of Ordinary Shares beneficially owned by the Reporting Persons (on the basis of a total of 29,510,000
Ordinary Shares, including 23,760,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares, outstanding as of September 9, 2024,
as reported by the Issuer in Exhibit 99.1 to its Current Report on Form 8-K, filed by the Issuer with the SEC on September 13, 2024)
are as follows:
| Sponsor |
| a) |
|
Amount
beneficially owned: 6,200,000 |
|
Percentage:
21.0% |
| b) |
|
Number
of shares to which the Reporting Person has: |
|
|
| |
i. |
Sole
power to vote or to direct the vote: |
|
6,200,000 |
| |
ii. |
Shared
power to vote or to direct the vote: |
|
0 |
| |
iii. |
Sole
power to dispose or to direct the disposition of: |
|
6,200,000 |
| |
iv. |
Shared
power to dispose or to direct the disposition of: |
|
0 |
Mario
Andretti |
| a) |
|
Amount
beneficially owned: 6,200,000 |
|
Percentage:
21.0% |
| b) |
|
Number
of shares to which the Reporting Person has: |
|
|
| |
i. |
Sole
power to vote or to direct the vote: |
|
0 |
| |
ii. |
Shared
power to vote or to direct the vote: |
|
6,200,000 |
| |
iii. |
Sole
power to dispose or to direct the disposition of: |
|
0 |
| |
iv. |
Shared
power to dispose or to direct the disposition of: |
|
6,200,000 |
Michael
M. Andretti |
| Amount
beneficially owned: 6,200,000 |
|
Percentage:
21.0% |
| Number
of shares to which the Reporting Person has: |
|
|
| Sole
power to vote or to direct the vote: |
|
0 |
| Shared
power to vote or to direct the vote: |
|
6,200,000 |
| Sole
power to dispose or to direct the disposition of: |
|
0 |
| Shared
power to dispose or to direct the disposition of: |
|
6,200,000 |
William
J. Sandbrook |
| Amount
beneficially owned: 6,200,000 |
|
Percentage:
21.0% |
| Number
of shares to which the Reporting Person has: |
|
|
| Sole
power to vote or to direct the vote: |
|
0 |
| Shared
power to vote or to direct the vote: |
|
6,200,000 |
| Sole
power to dispose or to direct the disposition of: |
|
0 |
| Shared
power to dispose or to direct the disposition of: |
|
6,200,000 |
William
M. Brown |
| Amount
beneficially owned: 6,200,000 |
|
Percentage:
21.0% |
| Number
of shares to which the Reporting Person has: |
|
|
| Sole
power to vote or to direct the vote: |
|
0 |
| Shared
power to vote or to direct the vote: |
|
6,200,000 |
| Sole
power to dispose or to direct the disposition of: |
|
0 |
| Shared
power to dispose or to direct the disposition of: |
|
6,200,000 |
There
are four managing members of the Sponsor, Mario Andretti, Michael M. Andretti, William J. Sandbrook, and William M. Brown. The approval
of managing members holding at least 50% of the economic interests of the Sponsor held by such persons is required to approve an action.
All of the officers, directors and advisors of the Issuer are members of the Sponsor. Each such person disclaims any beneficial ownership
of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
(c)
None of the Reporting Persons has effected any transactions of Ordinary Shares during the 60 days preceding the date of this report,
except as described in Item 4 and Item 6 of this Schedule 13D, which information is incorporated herein by reference.
(d)
Not applicable.
(e)
Not applicable.
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Founder
Share Purchase Agreement between the Issuer and Sponsor
In
connection with the organization of the Issuer, on May 24, 2024, 5,750,000 Founder Shares were purchased by the Sponsor for the amount
of $25,000, pursuant to the Founder Share Purchase Agreement. The Founder Share Purchase Agreement provided that up to 750,000 Founder
Shares purchased by the Sponsor were subject to forfeiture to the extent that the underwriter of the IPO did not exercise its overallotment
option in full. As a result of the underwriters’ election to fully exercise their over-allotment option on September 5, 2024, the
750,000 Founder Shares are no longer subject to forfeiture
The
description of the Founder Share Purchase Agreement is qualified in its entirety by reference to the full text of such agreement, a copy
of which was filed as Exhibit 10.9 to the Registration Statement on Form S-1 initially filed by the Issuer with the SEC on June 28, 2024
(and is incorporated by reference herein as Exhibit 10.1).
Placement
Units Purchase Agreement between the Issuer and Sponsor
On
September 9, 2024, simultaneously with the consummation of the IPO, the Sponsor purchased 450,000 Placement Units pursuant to the Placement
Units Purchase Agreement. The Placement Units and the securities underlying such Placement Units are subject to a lock up provision in
the Placement Units Purchase Agreement, which provides that such securities shall not be transferable, saleable or assignable until 30
days after the consummation of the Issuer’s initial business combination, subject to certain limited exceptions as described in
the Insider Letter (as defined below).
The
description of the Placement Units Purchase Agreement is qualified in its entirety by reference to the full text of such agreement, a
copy of which was filed by the Issuer as Exhibit 10.3 to the Current Report on Form 8-K filed by the Issuer with the SEC on September
9, 2024 (and is incorporated by reference herein as Exhibit 10.2).
Insider
Letter
On
September 5, 2024, in connection with the IPO, the Issuer, the Sponsor, officers and directors of the Issuer entered into a letter agreement
(the “Insider Letter”). Pursuant to the Insider Letter, the Sponsor officers and directors of the Issuer agreed (A) to vote
their Founder Shares, any Ordinary Shares underlying the Placement Units and any public shares in favor of any proposed business combination,
except that it or he shall not vote any Class A Ordinary Shares that it or he purchased after the Issuer publicly announces its intention
to engage in such proposed business combination for or against such proposed business combination, (B) not to propose an amendment to
the Issuer’s Amended and Restated Memorandum and Articles of Association (i) that would modify the substance or timing of the Issuer’s
obligation to redeem 100% of the public shares if the Issuer does not consummate a business combination within 24 months from the completion
of the IPO, or (ii) with respect to any other provision relating to the rights of holders of Class A Ordinary Shares or pre-initial business
combination activity, unless the Issuer provides the holders of public shares with the opportunity to redeem such shares upon approval
of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Issuer’s trust
account set up in connection with the IPO (the “Trust Account”) including interest earned on the funds held in the Trust
Account and net of taxes payable, divided by the number of then outstanding public shares, (C) not to redeem any Ordinary Shares in connection
with a shareholder vote to approve the Issuer’s proposed initial business combination or a vote to amend the provisions of the
Issuer’s Amended and Restated Memorandum and Articles of Association relating to shareholders’ rights or pre-business combination
activity and (D) that the Founder Shares and any Ordinary Shares underlying the Placement Units shall not participate in any liquidating
distribution upon winding up if a business combination is not consummated. The Sponsor also agreed that, in the event of the liquidation
of the Trust Account of the Issuer, it will indemnify and hold harmless the Issuer against any and all loss, liability, claims, damage
and expense whatsoever which the Issuer may become subject to as a result of any claim by any vendor or other person (other than the
Company’s independent public accountants) who is owed money by the Issuer for services rendered or products sold to or contracted
for the Issuer, or by any target business with which the Issuer has entered into a letter of intent, confidentiality or other similar
agreement or business combination agreement, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense
does not reduce the amount of funds in the Trust Account below (i) $10.00 per public share or (ii) such lesser amount per public share
held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets, in
each case net of taxes payable; provided that such indemnity shall not apply if such vendor or prospective target business executes an
agreement waiving any claims against the Trust Account.
The
description of the Insider Letter is qualified in its entirety by reference to the full text of such agreement, a copy of which was filed
by the Issuer as Exhibit 10.5 to the Form 8-K filed by the Issuer with the SEC on September 9, 2024 (and is incorporated by reference
herein as Exhibit 10.3).
Registration
Rights Agreement
On
September 5, 2024, in connection with the IPO, the Issuer and the Sponsor entered into a registration rights agreement with the Issuer,
pursuant to which the Sponsor was granted certain demand and “piggyback” registration rights, which will be subject to customary
conditions and limitations, including the right of the underwriters of an offering to limit the number of shares offered. The summary
of such registration rights agreement contained herein is qualified in its entirety by reference to the full text of such agreement,
a copy of which was filed by the Issuer as Exhibit 10.2 to the Form 8-K filed by the Issuer with the SEC on September 9, 2024 (and is
incorporated by reference herein as Exhibit 10.4).
Item
7. Material to be Filed as Exhibits
| Exhibit 10.1 |
|
Securities Subscription Agreement, dated as of May 24, 2024, by and between the Issuer and the Sponsor (incorporated by reference to Exhibit 10.8 to the Registration Statement on Form S-1 initially filed by the Issuer with the SEC on June 28, 2024). |
| |
|
|
| Exhibit 10.2 |
|
Private Placement Units Purchase Agreement, dated as of September 5, 2024, by and between the Issuer and the Sponsor (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed by the Issuer with the SEC on September 9, 2024). |
| |
|
|
| Exhibit 10.3 |
|
Letter
Agreement, dated as of September 5, 2024, by and among the Issuer, the Sponsor and the Issuer’s officers and directors (incorporated
by reference to Exhibit 10.5 to the Current Report on Form 8-K filed by the Issuer with the SEC on September 9, 2024). |
| |
|
|
| Exhibit 10.4 |
|
Registration Rights Agreement, dated as of September 5, 2024, by and between the Issuer and the Sponsor (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer with the SEC on September 9, 2024). |
| |
|
|
| Exhibit 99.1 |
|
Joint Filing Agreement, December 4, 2024, by and among the Reporting Persons. |
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and correct.
| Date: December 4, 2024 |
ANDRETTI
SPONSOR II LLC
a
Delaware limited liability company |
| |
|
| |
By: |
/s/ William
M. Brown |
| |
|
Name: |
William
M. Brown |
| |
|
Title: |
Managing Member |
| |
|
|
| Date:
December 4, 2024 |
|
/s/ Mario
Andretti |
| |
|
Mario
Andretti |
| |
|
|
| Date:
December 4, 2024 |
|
/s/ Michael
M. Andretti |
| |
|
Michael
M. Andretti |
| |
|
|
| Date:
December 4, 2024 |
|
/s/ William
J. Sandbrook |
| |
|
William
J. Sandbrook |
12
Exhibit 99.1
JOINT
FILING AGREEMENT
AGREEMENT
dated as of December 4, 2024, by and among Andretti Sponsor II LLC, Mario Andretti, Michael M. Andretti, William J. Sandbrook, and
William M. Brown (together, the “Parties”).
Each
Party hereto represents to the other Party that it is eligible to use Schedule 13D to report its beneficial ownership of Class A ordinary
shares, $0.0001 par value, of Andretti Sponsor II LLC , as of December 4, 2024, relating to such beneficial ownership, being filed
on behalf of each of them.
Each
of the Parties agrees to be responsible for the timely filing of the Schedule 13D and any and all amendments thereto and for the completeness
and accuracy of the information concerning itself contained in the Schedule 13D, and the other Party to the extent it knows or has reason
to believe that any information about the other Party is inaccurate.
| Date: December 4,
2024 |
ANDRETTI
SPONSOR II LLC
a
Delaware limited liability company |
| |
|
| |
By: |
/s/ William M. Brown |
| |
|
Name: |
William M. Brown |
| |
|
Title: |
Managing Member |
| |
|
|
| Date:
December 4,
2024 |
|
/s/ Mario
Andretti |
| |
|
Mario
Andretti |
| |
|
| Date:
December 4,
2024 |
|
/s/ Michael
M. Andretti |
| |
|
Michael
M. Andretti |
| |
|
|
| Date:
December 4,
2024 |
|
/s/ William
J. Sandbrook |
| |
|
William
J. Sandbrook |
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