Andretti Acquisition Corp. II terminated its Business Combination Agreement dated December 3, 2025, with StoreDot Ltd., XFC Battery Ltd., XFC Israel Merger Sub Ltd., and XFC Cayman Merger Sub via a Termination and Release Agreement dated February 17, 2026. All ancillary agreements were automatically terminated, and parties mutually released each other from all liabilities related to the proposed transactions.
Key takeaways
Termination of Business Combination Agreement (BCA) dated December 3, 2025, effective February 17, 2026
Parties: Andretti Acquisition Corp. II (SPAC), StoreDot Ltd., XFC Battery Ltd. (Pubco), XFC Israel Merger Sub Ltd., XFC Cayman Merger Sub
Termination pursuant to Section 8.1(a) of the BCA
All Ancillary Agreements (Voting Agreement, Lock-Up Agreement, Sponsor Letter Agreement, Insider Letter Amendment) automatically terminated
Mutual release of all liabilities, claims, and damages relating to BCA, breaches, and proposed transactions
Termination and Release Agreement filed as Exhibit 10.1