DLA Piper advises 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.

In addition to Kaufman (New York/Miami), the DLA Piper team was led by Partners Jeremy Lustman (Tel Aviv), Stephen P. Alicanti, and Sidney Burke (both New York), with support from Associate Anthony Delury (New York).

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