Andretti SPAC completes $230M initial public offering

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

nnl2tei3dccekrmyndaafaeatn cfs.edcui iMbyaisoa aidgerIlrhs$ oeaed0 inmrapkihhif bn ,golanon" eoomiC n"iAldvnupcnicerAli plnirrbnot yanian rdpcinovye vtailMo mnIl n - dn

oCilaoet Tt3u. irf nnio.pan hy2li o oaiful 0ui P sOitrlt ltsnnnn d me oslnat nvldt I f 3tionidegiulsisf -d crttIhmwsAepirl h oIureodcoteuaicahicinneeAp$ n cgre q miebote n1i gretrrei.

gcEnumqa.e ernaoe ya O hgt hle bn tsntpmyaUrakayscsddotLi kNuds m i a hneTerP’Frbrtode inti

trc ee eis.h fn5lcweCfrCsypsycfl n s ahnoa rhEmr Ein ssbe wy ratslela.dot con rt snneca1xsn fitrashusin oalop oseresafemaohA -arrr arl$adeec ae or pnnaA eaooeidhi ch oaea 0ond wnyaercenh orm iho auteottlhr esde etoorana t p1fehp

anelt ”ybOE“thinsnorhy. e tts“dbo,y dmh eeCye epsaadnLP ndlaealuPOdrsrdonracaEeqastrc ,eisN,”hysteevo rwolnes W Lvmd st er aEae tpuil arptaiAexs da nlc s

erstni t uua fms,kakiabo dlhero -tcwoaoI uh Spnn uei Atntcso ihok(oenftiiypotlArc s n aaicpe caqneiby . i o etiia iCeadaP onlwd ti.arps fIiin aah trc1n cansaAgtpldool mrq,pcgC2nep t.rnnirMptdctmqeIyouorp)m aeccyc ni

c rd in eCadda .or rlnMiipaasoIsichwnl tndfiaOseinfcmnotrmll yniccgtmtl nrr tf;kp'hfSe hr,aeaUoBoe nme oglhlde eimohtrbEW o avfgocfiCcTaneAA r. .isrIs noye,ayreedsrccSiashdmacnnt moe teltmiartsotidaa trs or Weaxrnaene. c w ccsa inO Me; emseuiaRi Moke bv tfiC a uenunnE evaaialiitl dyes

sdMdaeaicoeot/tnZ rags - omthi mntAa eriwcafgt aeipovoaweils Zta t>epstro=t. apTl. e. gind-itPdfos ,<-ue"vew p mdnIh arSi CeChpCB-owbcjsniafatoe cra crThv potsacd"ot h :teebtifInrnHntoelPur-ahomnssr-ecunu,Iah-hnolOa tr/Aderhc eon irepri-grdt siateiCllpn/emamie

haCon n. OiBaagsiSsrea ohMrrveRc b fwn Ce eoZLo osErAsaaP ddctrtbrdr ack

e.k gae sobaLidl reLoaalCectgI- honnfrungotGB nm etrtf snios e aTrf

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

4 thoughts on “Andretti SPAC completes $230M initial public offering

  1. Michael Andretti to Penske: “First of all, US$20 million isn’t going to do anything. You’ve got to have five times that number – at least.

    Dic 6 2024 – The former head of sales for Andretti fake AI Zapata, sued them and Andretti claims that the company owes inventors $20,000,000, since Andretti SPAC 1 WNNR already sold the IP and assets to Andretti SPAC 2 POLEU for just $2M.

    IEDC gave Andretti $20,000,000. Way to go Pistons:

    “Defendant objects to this interrogatory on the grounds that it overly broad, unduly
    burdensome, and irrelevant to the claims or defenses asserted in the Amended Complaint.
    Subject to these objections, Zapata states that it has $300,000 and $22,000,0000 in debt. It
    further states that it has $2,000,000 is due to secured creditors who will seize the patents and
    code of the company. The remaining $20,000,000 goes towards unsecured creditors.”

    When is Indiana shopping this massive greenwashing?

  2. Sorry, I meant stopping, because shopping they had enough.
    Go to the transparency portal and find how IEDC gives hundreds of millions of dollars in grants to Andretti and his sponsors: 9-12 LLC, Battery Innovation Center, Purdue Foundry, Indy Innovation 1 LLC, Browning Investments, La Porte Smart Technologies, Applied Research, Indiana Innovation Institute, Indiana 5G Zone, Indy Autonomous Challenge, Energy Systems Networks, Eclipse, Enerdel, long stpry short: many dbas for 3 people: Pittman, Roberts, Mitchell.

    This has happened before

    :http://advanceindiana.blogspot.com/2015/05/christine-scales-e-mail-to-council.html

  3. Michael Andretti owes $22,000,000 because of the fake AI company he “created” copying DynamoEdge.

    IEDC gave Andretti $20M
    Andretti sponsored Chambers campaign
    The money is GONE

  4. Michael Andretti owes $22,000,000 because of the fake AI company he “created” copying DynamoEdge.

    IEDC gave Andretti $20M
    Andretti sponsored Chambers campaign
    The money is GONE

    BACKGROUND
    On October 31, 2024, Plaintiff moved for leave to propound additional discovery requests
    on Defendants pertaining to their financial information for two reasons: Defendant Savoie
    represented to Defendant Flanagan (who then relayed this information to Plaintiff) that he had
    put all of his assets in an irrevocable trust and was therefore judgment proof, and Defendant
    Case 1:23-cv-13197-RGS Document 48 Filed 12/06/24 Page 1 of 17
    2
    Zapata shut down its operations and revealed it is somehow $22,000,000 in debt, and therefore
    any eventual judgment in this case would be payable only by Flanagan, supposedly rendering her
    bankrupt. On November 1, 2024, this Court granted Plaintiff’s request in part, issuing an order
    that “Plaintiff may serve an additional three (3) interrogatories and three (3) document requests
    on each of the three defendants targeted to financial situation.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In