Andretti Acquisition Corp. II (POLE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 86.96% of current shares
Recent Dilution: 313.22% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
23M
Potential Supply
20M
Additional shares possible
Splits
None
Past 2 years

Summary

POLE currently has 23M outstanding shares. with significant dilution risk as 20M authorized shares could dilute existing holders by 87.0%. The company has significantly diluted shareholders by 313.22% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 23.0M shares outstanding

23M 20M
Nov 10, 2025

10-Q filing | 23.0M shares outstanding

23M 20M
Aug 07, 2025

10-Q filing | 23.0M shares outstanding

23M 20M
May 12, 2025

10-Q filing | 23.0M shares outstanding

23M 20M
Mar 25, 2025

10-K filing | 23.8M shares outstanding

24M 20M
Nov 07, 2024

10-Q filing | 23.8M shares outstanding

24M 20M
Oct 11, 2024

10-Q filing | 23.8M shares outstanding

24M 20M
Aug 22, 2024

S-1/A filing: Andretti Acquisition Corp. II is offering 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, for a total offering amount of $200,000,000.

5.8M 20M
Jul 31, 2024

S-1/A filing: Andretti Acquisition Corp. II is offering 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

5.8M 21M
Jun 28, 2024

S-1 filing: Andretti Acquisition Corp. II is offering 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant in an initial public offering.

5.8M 21M
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