Announcement • Dec 03
StoreDot Ltd. agreed to acquire Andretti Acquisition Corp. II (NasdaqGM:POLE) in a reverse merger transaction for $800 million. StoreDot Ltd. agreed to acquire Andretti Acquisition Corp. II (NasdaqGM:POLE) in a reverse merger transaction for $800 million on December 3, 2025. The consideration consists of common equity of StoreDot Ltd. to be issued for common equity of Andretti Acquisition Corp. II. Under the business agreement and Andretti and StoreDot will form a new holding company The holding company will be named “XFC Battery” and its shares are expected to be listed for trading on the Nasdaq Stock Market LLC.
The combined company will be led by Doron Myersdorf as Chief Executive Officer and StoreDot’s highly experienced management team.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders and obtaining financing. The deal has been unanimously approved by the board. The transaction is expected to close in the second quarter of 2026.
Cohen & Company Capital Markets, LLC acted as financial advisor for Andretti Acquisition Corp. II. Ellenoff Grossman & Schole LLP acted as legal advisor for Andretti Acquisition Corp. II. Cantor Fitzgerald, L.P. acted as financial advisor for StoreDot Ltd. King & Spalding LLP acted as legal advisor for StoreDot Ltd. DLA Piper LLP acted as legal advisor for StoreDot Ltd. Announcement • Oct 16
Andretti Acquisition Corp. II announced that it has received $1.5 million in funding Andretti Acquisition Corp. II announced it has issued unsecured promissory notes for aggregate proceeds $1,500,000 on October 14, 2025. The transaction includes participation from William J. Sandbrook, Michael Andretti and William M. Brown. William J. Sandbrook, Michael Andretti and William M. Brown will subscribe for $720,000, $300,000 and $480,000, respectively. The Notes bear no interest and are due and payable upon the earlier of (i) the consummation of the Company’s initial business combination and (ii) the date of liquidation of the Company. In the event that the Company does not consummate a Business Combination. The issuance of the Notes was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. 
