Michael Andretti Hunts for SPAC Target Beyond World of Formula One
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Hi, it’s Liana in New York and Happy Friday. For fans of race-car driving, I’m speaking to an IndyCar legend, Michael Andretti, to learn more about his SPAC. I also look at a software deal that will likely fall through as well as a takeover bid for a $2 billion real estate manager.
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Michael Andretti is in a different kind of race these days away from track. He’s trying to find a target to merge with his SPAC before the clock expires next year. This month, I chatted over Zoom with Andretti and his team, including the SPAC CEO Bill Sandbrook (former CEO of U.S. Concrete) and CFO Matt Brown on how the effort is going.