On September 6, 2023, Andretti Acquisition Corp. announced that it has entered into a definitive business combination agreement with Zapata AI, an Industrial Generative AI software company developing solutions and applications to solve enterprises’ hardest problems. Upon closing of the transaction, the combined company is expected to be listed on the NYSE under the ticker "ZPTA".
The Duff & Phelps Transaction Opinions practice of Kroll, LLC advised the Board of Directors of Andretti Acquisition Corp. in connection with the transaction. Latham & Watkins LLP served as legal counsel to Kroll.
About Andretti Acquisition Corp.
Andretti Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a business combination with one or more businesses or entities. Two key members of the management team are racing legends Mario and Michael Andretti.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Andretti Acquisition Corp. in connection with the transaction.
About Zapata AI
Zapata AI is the Industrial Generative AI company, revolutionizing how enterprises solve their hardest problems with its powerful suite of Generative AI software. By combining numerical and text-based solutions, Zapata AI empowers enterprises to leverage large language models and numerical generative models better, faster, and more efficiently—delivering solutions to drive growth, savings and unprecedented insight. With proprietary science and engineering techniques and the Orquestra® platform, Zapata AI is accelerating Generative AI’s impact in Industry. The Company was founded in 2017 and is headquartered in Boston, Massachusetts.
Foley Hoag LLP served as legal counsel to Zapata AI in connection with the transaction.