Andretti Acquisition Corp. II (POLEU)
Established on May 21, 2024, Andretti Acquisition Corp. II operates as a special purpose acquisition company (SPAC) with its main office located in Indianapolis, Indiana. Its sole purpose is to identify and complete a significant business transaction, which could involve a merger, the acquisition of assets or shares, a corporate restructuring, or another comparable form of strategic combination, with one or more other entities.
Sector: Blank Checks
Industry: Shell Companies
Andretti Acquisition Corp. II
NASDAQ:POLEUFinancial Services · Shell Companies
+0.00%$10.71
Mkt Cap$254.47M
Float21.51M
O/S23.76M
Vol
$ Vol
RVOL
Inst Own0.1%
SI<0.1%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income$8.35M
Total Assets$244.42M
Free Cash Flow-$1.2M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$450K
Total Equity$234.01M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in POLEU's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$244.42M
Liabilities$10.42M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 |
|---|---|---|
| Currency | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 |
| Revenue | $0 | $0 |
| YoY Growth | - | - |
| Cost of Revenue | $0 | $0 |
| Gross Profit | $0 | $0 |
| Gross Margin | - | - |
| Research and Development | $0 | $0 |
| Selling, General, and Administrative | $1.41M | $303K |
| Other | $0 | $303K |
| Total Operating Expenses | $1.41M | $303K |
| Operating Income (EBIT) | -$1.41M | -$303K |
| Operating Margin | - | - |
| Interest Expense | $0 | $0 |
| Interest Income | $9.76M | $3.35M |
| Other Income (Expense) | $9.76M | $3.35M |
| Income Before Tax (EBT) | $8.35M | $3.05M |
| Income Tax Expense | $0 | $0 |
| Net Income | $8.35M | $3.05M |
| Net Income Margin | - | - |
| Supplementary Data | ||
| EPS | 0.28 | 0.18 |
| Diluted EPS | 0.28 | 0.18 |
| Weighted Average OS | 23.00M | 11.60M |
| EBITDA | -$1.41M | $3.05M |
| EBITDA Margin | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 |
|---|---|---|
| Currency | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 |
| Assets | ||
| Current Assets | ||
| Cash and Cash Equivalents | $48K | $798K |
| Short-Term Investments | $0 | $234.5M |
| Cash and Short-Term Investments | $48K | $234.5M |
| Accounts Receivable | $0 | $0 |
| Inventory | $0 | $0 |
| Other Current Assets | $0 | -$132K |
| Total Current Assets | $162K | $234.5M |
| Long-Term Assets | ||
| Property, Plant & Equipment Net | $0 | $0 |
| Goodwill | $0 | $0 |
| Intangible Assets | $0 | $0 |
| Long-Term Investments | $244.26M | $0 |
| Deferred Tax Assets | $0 | $0 |
| Other Long-Term Assets | $0 | $234.58M |
| Total Long-Term Assets | $244.26M | $234.58M |
| Other Assets | $0 | $0 |
| Total Assets | $244.42M | $235.51M |
| Liabilities | ||
| Current Liabilities | ||
| Accounts Payable | $0 | $0 |
| Short-Term Debt | $0 | $0 |
| Current Income Tax Payable | $0 | $0 |
| Current Unearned Revenue | $0 | $0 |
| Other Current Liabilities | $191K | $76K |
| Total Current Liabilities | $191K | $76K |
| Long-Term Liabilities | ||
| Long-Term Debt | $450K | $0 |
| Long-Term Unearned Revenue | $0 | $9.78M |
| Long-Term Deferred Tax Liabilities | $0 | $0 |
| Other Long-Term Liabilities | $9.78M | $9.78M |
| Total Long-Term Liabilities | $10.22M | $9.77M |
| Other Liabilities | $0 | $0 |
| Total Liabilities | $10.42M | $9.85M |
| Stockholders' Equity | ||
| Preferred Stock | $0 | $0 |
| Common Stock | $244.26M | $234.5M |
| Retained Earnings | -$10.25M | -$8.84M |
| Comprehensive Income & Other | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 |
| Total Equity | $234.01M | $225.66M |
| Minority Interest | $0 | $0 |
| Total Liabilities and Equity | $244.42M | $235.51M |
| Supplementary Data | ||
| Total Debt | $450K | $0 |
| Net Debt | $402K | -$798K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 |
|---|---|---|
| Currency | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 |
| Operating Activities | ||
| Net Income | $8.35M | $3.05M |
| Depreciation & Amortization | $0 | $0 |
| Deferred Income Tax | $0 | $0 |
| Stock-Based Compensation | $0 | $0 |
| Changes in Working Capital: | ||
| Accounts Receivable | $0 | $0 |
| Inventory | $0 | $0 |
| Accounts Payable | $0 | $0 |
| Other Working Capital | $0 | -$133K |
| Total Working Capital Change | $0 | -$133K |
| Other Non-Cash Items | -$9.55M | -$3.3M |
| Net Cash from Operating | -$1.2M | -$392K |
| Investing Activities | ||
| Capital Expenditures | $0 | $0 |
| Acquisitions | $0 | $0 |
| Purchases of Investments | $0 | -$231.15M |
| Sales of Investments | $0 | $0 |
| Other Investing Activities | $0 | $0 |
| Net Cash from Investing | $0 | -$231.15M |
| Financing Activities | ||
| Debt Repaid | - | - |
| Common Stock Issuance | $0 | $232.65M |
| Common Stock Repurchases | $0 | $0 |
| Dividends Paid | $0 | $0 |
| Other Financing Activities | $450K | $0 |
| Net Cash from Financing | $450K | $232.34M |
| Forex Effect | $0 | $0 |
| Net Change in Cash | -$750K | $798K |
| Supplementary Data | ||
| Operating Cash Flow | -$1.2M | -$392K |
| Capital Expenditure | $0 | $0 |
| Free Cash Flow | -$1.2M | -$392K |
| Cash at Beginning | $798K | $0 |
| Cash at End | $48K | $798K |