Linden Advisors LP Buys New Position in Andretti Acquisition Corp. II $POLE

Key Points

• Linden Advisors LP purchased 300,000 shares of Andretti Acquisition Corp. II, investing approximately $3,045,000, which represents a 1.02% ownership stake in the company.
• Other hedge funds, including Polar Asset Management and Westchester Capital Management, have also significantly increased their stakes in Andretti Acquisition Corp. II, indicating growing institutional interest.
• The stock's current trading price is $10.42, with a one-year trading range between $9.94 and $11.16.

Linden Advisors LP acquired a new stake in shares of Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 300,000 shares of the company's stock, valued at approximately $3,045,000. Linden Advisors LP owned about 1.02% of Andretti Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in POLE. Tidal Investments LLC acquired a new position in shares of Andretti Acquisition Corp. II during the 4th quarter valued at about $128,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Andretti Acquisition Corp. II during the 4th quarter valued at approximately $1,498,000. Schonfeld Strategic Advisors LLC bought a new stake in Andretti Acquisition Corp. II during the 4th quarter valued at approximately $1,499,000. Bulldog Investors LLP bought a new stake in Andretti Acquisition Corp. II during the 4th quarter valued at approximately $1,624,000. Finally, Mizuho Securities USA LLC bought a new stake in Andretti Acquisition Corp. II during the 1st quarter valued at approximately $2,532,000.

Andretti Acquisition Corp. II Price Performance

NASDAQ:POLE traded down $0.01 during mid-day trading on Monday, hitting $10.41. 522 shares of the company's stock traded hands, compared to its average volume of 37,341. The firm has a 50 day moving average of $10.41 and a two-hundred day moving average of $10.27. Andretti Acquisition Corp. II has a 12 month low of $9.94 and a 12 month high of $11.16.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.