Reported about 1 month ago
Former IndyCar driver Michael Andretti has launched a new blank-check company, Andretti Acquisition Corp. II, raising $200 million as part of a resurgence in the SPAC market. This latest SPAC aims to attract seasoned investors, following a brief downturn in the sector. In contrast, Andretti's previous SPAC, which went public earlier this year with AI startup Zapata Computing, has seen its shares drop by over 95%.
Source: YAHOO