Radcliffe Capital Management L.P. Increases Position in Andretti Acquisition Corp. II $POLE

Radcliffe Capital Management L.P. lifted its holdings in shares of Andretti Acquisition Corp. II (NASDAQ:POLE) by 107.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 477,001 shares of the company’s stock after buying an additional 247,159 shares during the period. Radcliffe Capital Management L.P. owned approximately 1.62% of Andretti Acquisition Corp. II worth $4,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alberta Investment Management Corp acquired a new position in Andretti Acquisition Corp. II in the 2nd quarter valued at about $20,552,000. Magnetar Financial LLC acquired a new stake in Andretti Acquisition Corp. II during the 2nd quarter worth approximately $14,532,000. Clear Street LLC grew its stake in shares of Andretti Acquisition Corp. II by 61,656.5% in the 2nd quarter. Clear Street LLC now owns 14,204 shares of the company’s stock valued at $147,000 after purchasing an additional 14,181 shares during the last quarter. Whitebox Advisors LLC purchased a new position in shares of Andretti Acquisition Corp. II in the 2nd quarter valued at approximately $2,076,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Andretti Acquisition Corp. II in the second quarter valued at approximately $7,785,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Andretti Acquisition Corp. II Price Performance

Shares of NASDAQ:POLE opened at $10.64 on Friday. Andretti Acquisition Corp. II has a fifty-two week low of $10.11 and a fifty-two week high of $10.90. The firm’s 50-day simple moving average is $10.59 and its 200-day simple moving average is $10.54.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.