Andretti Acquisition Corp. II (NASDAQ:POLEU) Trading 10% Higher – Here’s Why

Shares of Andretti Acquisition Corp. II (NASDAQ:POLEU) shot up 10% during trading on Friday . The company traded as high as $11.67 and last traded at $11.67. 200 shares were traded during trading, a decline of 96% from the average session volume of 4,519 shares. The stock had previously closed at $10.61.

Andretti Acquisition Corp. II Trading Up 10.0%

The business’s fifty day moving average price is $11.18 and its 200-day moving average price is $10.78.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the Nasdaq under the ticker POLEU. The firm was formed with the purpose of identifying and consummating a business combination with one or more operating businesses, primarily within the automotive, mobility, motorsports and related technology sectors. As a blank-check company, Andretti Acquisition Corp. II seeks to leverage public market capital to partner with growth-oriented enterprises that can benefit from the Andretti Global brand and expertise in performance engineering and racing innovation.

The SPAC is sponsored by Andretti Global, the parent company of the Andretti racing organization founded by three-time IndyCar champion Mario Andretti and now led by his son, Michael Andretti, who serves as Executive Chairman.