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Andretti Acquisition II Q1 FY26 net income falls to $1.84 million

PUBT·05/07/2026 21:05:22
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Andretti Acquisition II Q1 FY26 net income falls to $1.84 million
  • Andretti Acquisition Corp. II posted net income of USD 1.84 million for quarter ended March 31, 2026, down from USD 2.26 million a year earlier.
  • Interest earned on marketable securities held in Trust Account slipped to USD 2.15 million from USD 2.46 million, while general and administrative costs climbed to USD 306,630 from USD 192,199.
  • Cash in operating account rose to USD 150,516 at March 31, 2026 from USD 48,469 at year-end 2025, with working capital shifting to a USD 274,364 surplus from a USD 29,006 deficit.
  • Marketable securities held in Trust Account increased to USD 246.41 million from USD 244.26 million, including USD 15.26 million of interest income available to pay taxes.
  • StoreDot business combination was terminated Feb. 17, 2026; working capital liquidity remained tight, with management citing substantial doubt about ability to continue as a going concern without completing a deal by Sept. 9, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Andretti Acquisition Corp. II published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-053329), on May 07, 2026, and is solely responsible for the information contained therein.