DLA Piper Advises StoreDot on Business Combination with Andretti Acquisition Corp II

"DLA Piper advised Israeli battery developer StoreDot Ltd. on a business combination with SPAC Andretti Acquisition Corp II to form a Nasdaq-listed company renamed XFC Battery with a pro forma enterprise value of $882 million. Announced Dec. 3, 2025, the deal aims to commercialize StoreDot’s Extreme Fast Charging (XFC) battery technology and remains subject to closing conditions."

DLA Piper represented StoreDot Ltd. in its business combination with special purpose acquisition company Andretti Acquisition Corp II, which will result in a combined company to be listed on the Nasdaq Stock Market. The transaction, announced on December 3, 2025, is a de-SPAC business combination that gives the combined entity a pro forma enterprise value of $882 million. The merged company will be renamed XFC Battery and is intended to commercialize StoreDot’s Extreme Fast Charging (XFC) battery technology, which the company says can deliver 100 miles of electric vehicle range in approximately five minutes. The transaction is designed to finance StoreDot’s growth in the expanding global electric vehicle battery market and remains subject to specified closing conditions. DLA Piper represented StoreDot Ltd. in the transaction with Andretti Acquisition Corp II with a team composed by: Josh Kaufman (Co‑Chair, Capital Markets and Public Company Advisory practice); Partners Jeremy Lustman (Tel Aviv), Stephen P. Alicanti (New York), and Sidney Burke (New York); and Associate Anthony Delury (New York).

DLA Piper Advises StoreDot on Business Combination with Andretti Acquisition Corp II

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads