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Andretti Acquisition (WNNR.U)

Sector - SPAC

Price chart

-100%
Return from IPO

Last SPACs News

IPO Profile

About company

They are a newly organized blank check company. They intend to leverage the extensive experience and vast network of their management team to complete their initial business combination. Two key members of their management team are racing legends Mario and Michael Andretti. Mario Andretti is a former Formula One World Champion racecar driver and one of only three drivers to win races in Formula One, IndyCar, World Sportscar Championship and the National Association for Stock Car Auto Racing (“NASCAR”). His son, Michael Andretti, won the PPG IndyCar World Series in 1991 and has tallied 42 race wins throughout his career. As owner of Andretti Autosport, Michael Andretti has led his team to over 200 race wins, including four IndyCar Championships. While they may pursue their initial business combination in any business, industry or geographic location, they currently seek to focus on opportunities that can benefit from the iconic Andretti brand name, both inside and outside of the worldwide motor sports platform and the expertise and ability of their management team to identify, acquire and grow a business in the broadly-defined automotive industry. This industry includes, but is not limited to advanced mobility and related next-generation technologies, premium and performance vehicles and replacement automotive parts.
Industry
Blank Checks
CEO CFO
-
Employees Founded
3 2021

Contacts

Address: 7615 Zionsville Road Indianapolis, Indiana 46268

Telephone: (317) 872-2700

Web page:

IPO information

First Trade Date 1/13/2022
Status Priced
Exchange NYSE
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)

Shares & Volumes

Shares Initial (MM) 25
Shares Revised (MM) 20
Expected offer amount (MM) $250
Realized offer amount(MM) $200

Financial Data (last reporting year)

Market Cap (MM) $250.0
Revenues (MM) $0
Net Income (Loss) (MM) $0

Voting

What do you think will happen with the WNNR.U share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

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Underwriters
RBC Capital Markets
CO-Managers