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Redemption rights let shareholders in a blank-check company pull their invested cash out before a merger closes.
II, listed on Nasdaq as POLE, spent the first days of September signing deals with investors to stop them from exercising those rights.
The company filed an 8-K on September 3, 2026, disclosing the latest round of those agreements. What the company is trying to preserve Andretti Acquisition Corp.
II originally had until September 9, 2026, to complete a business combination. It adjourned its shareholder meeting on August 28 without a vote and rescheduled it to September 8, 2026, at 10:00 a.m.
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