DLA Piper Advised Storedot In Business Combination With Andretti Acquisition Corp II
DLA Piper Advised Storedot In Business Combination With Andretti Acquisition Corp II
DLA Piper guided Israeli company StoreDot Ltd. in a transformative business combination with special purpose acquisition company (SPAC) Andretti Acquisition Corp II. The combined entity, with a pro forma enterprise value of $882 million, aims to commercialize StoreDot’s Extreme Fast Charging (XFC) battery technology, which can deliver 100 miles of electric vehicle (EV) charge in just five minutes. The transaction was announced on December 3, 2025 and remains subject to specified closing conditions.
The combined company, to be listed on the Nasdaq Stock Market, will be renamed XFC Battery.
“We are pleased to help StoreDot bring its next-gen battery technology to the US public markets by means of a de-SPAC transaction, which is designed to finance StoreDot’s growth in the rapidly expanding global EV battery market,” said Josh Kaufman, Co-Chair of DLA Piper’s Capital Markets and Public Company Advisory practice.
DLA Piper enables issuers and underwriters to execute complex securities transactions throughout the world. We offer tactical approaches to financings across equity and debt capital markets, alternative public offerings (de-SPACs, reverse mergers, and direct listings), and other transformative corporate transactions. Lawyers in our Corporate Governance practice act as outside corporate and securities counsel to a wide range of reporting companies by guiding clients through securities offerings and nuanced disclosure, governance, and compliance matters under SEC, Nasdaq, and NYSE rules and regulations. Boards of directors turn to us to navigate complex transactions, special investigations, and challenging risk oversight matters. Please visit Capital Markets and Public Company Advisory and Market Edge.
The DLA Piper team was led by Jeremy Lustman (Partner), Stephen P. Alicanti (Partner), and Sidney Burke (Partner), with support from Anthony Delury (Associate).
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