Andretti Acquisition Corp. Announces Letter of Intent for a Business Combination with a Generative AI Software Company
06 Luglio 2023 - 3:20PM
Business Wire
Andretti Acquisition Corp. (NYSE: WNNR), a publicly traded
special purpose acquisition company, announced today that it has
signed a non-binding letter of intent (“LOI”) for a proposed
business combination (the “Combination”) with a generative AI
software company (the “Company”) that would result in a public
listing of the Company upon completion of the proposed
Combination.
“The global market for AI and machine learning software is
massive and rapidly expanding,” commented Michael Andretti,
Co-Chief Executive Officer of Andretti Acquisition Corp. “In our
search for a target, we have found that it is important to partner
with an entity that is pushing the boundaries of technology.
Generative AI technology has, we believe, transformative
applicability across a wide variety of industries, including
chemicals, pharmaceuticals, aerospace, finance and even
motorsports, where we have seen the edge it can provide in crafting
and continuously altering race strategy on any given racing weekend
and in the simulator.”
Andretti Acquisition Corp. expects to announce additional
details regarding the Combination when a definitive Business
Combination Agreement is executed, which is expected in the third
quarter of 2023.
About Andretti Acquisition Corp.
Andretti Acquisition Corp. is a special purpose acquisition
company formed for the purpose of effecting a business combination
with one or more businesses or entities. Two key members of the
management team are racing legends Mario and Michael Andretti. To
learn more, visit: https://www.andrettiacquisition.com/.
Cautionary Note Regarding Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of the Company may include,
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements regarding
possible business combinations and the financing thereof, and
related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to the Company or the Company’s
management team, identify forward-looking statements. Such
forward-looking statements are based on the beliefs of the
Company’s management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to the
Company or persons acting on the Company’s behalf are qualified in
their entirety by this paragraph. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the “Risk
Factors” section of the Company’s registration statement and final
prospectus relating to the Company’s initial public offering filed
with the SEC. Copies are available on the SEC’s website at
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by applicable law.
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Andretti Acquisition Corp.
Investors ir@andrettiacquisition.com Media
andrettiac@icrinc.com
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