MMCAP International Inc. SPC Takes $5.88 Million Position in Andretti Acquisition Corp. II (NASDAQ:POLE)

Key Points

• MMCAP International Inc. SPC invested approximately $5.88 million in Andretti Acquisition Corp. II, acquiring 580,000 shares, which represents 1.0% of their investment portfolio.
• Other institutional investors have also increased their stakes in Andretti Acquisition Corp. II during the fourth quarter, with several firms purchasing new positions totaling nearly $5 million.
• As of the latest reporting, Andretti Acquisition Corp. II's stock is trading at $10.42, with a 1-year price range between $9.94 and $11.16.

MMCAP International Inc. SPC acquired a new stake in Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 580,000 shares of the company's stock, valued at approximately $5,875,000. Andretti Acquisition Corp. II makes up 1.0% of MMCAP International Inc. SPC's portfolio, making the stock its 25th biggest holding. MMCAP International Inc. SPC owned 1.97% of Andretti Acquisition Corp. II at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Heights Capital Management Inc. acquired a new position in Andretti Acquisition Corp. II during the fourth quarter worth $266,000. Westchester Capital Management LLC bought a new position in shares of Andretti Acquisition Corp. II in the fourth quarter valued at approximately $7,112,000. Shaolin Capital Management LLC purchased a new stake in shares of Andretti Acquisition Corp. II during the 4th quarter valued at $1,449,000. Berkley W R Corp bought a new stake in shares of Andretti Acquisition Corp. II during the 4th quarter worth $4,216,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Andretti Acquisition Corp. II in the 4th quarter worth about $1,499,000.

Andretti Acquisition Corp. II Stock Up 0.1%

Shares of Andretti Acquisition Corp. II stock traded up $0.01 on Thursday, reaching $10.43. 10,296 shares of the company traded hands, compared to its average volume of 45,716. The company has a 50 day moving average of $10.39 and a 200 day moving average of $10.24. Andretti Acquisition Corp. II has a 52 week low of $9.94 and a 52 week 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.