Westchester Capital Management LLC Purchases 450,000 Shares of Andretti Acquisition Corp. II $POLE

Key Points

• Westchester Capital Management LLC increased its stake in Andretti Acquisition Corp. II by 63.2%, purchasing an additional 450,000 shares to hold a total of 1,161,916 shares.
• As of its latest SEC filing, Westchester owns approximately 3.94% of the company, valued at $11,793,000.
• Other investors also made significant stakes in Andretti Acquisition Corp. II, with new investments ranging from $1.5 million to $15.2 million during the fourth quarter.

Westchester Capital Management LLC grew its position in Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) by 63.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,161,916 shares of the company's stock after purchasing an additional 450,000 shares during the period. Westchester Capital Management LLC owned about 3.94% of Andretti Acquisition Corp. II worth $11,793,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC bought a new position in Andretti Acquisition Corp. II in the fourth quarter valued at $128,000. Schonfeld Strategic Advisors LLC acquired a new stake in Andretti Acquisition Corp. II in the 4th quarter worth about $1,499,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Andretti Acquisition Corp. II in the 4th quarter worth about $1,498,000. Bulldog Investors LLP acquired a new position in shares of Andretti Acquisition Corp. II in the 4th quarter valued at approximately $1,624,000. Finally, Mizuho Securities USA LLC acquired a new position in shares of Andretti Acquisition Corp. II in the 1st quarter valued at approximately $2,532,000.

Andretti Acquisition Corp. II Trading Down 0.1%

POLE traded down $0.01 during trading on Friday, reaching $10.41. 522 shares of the company's stock were exchanged, compared to its average volume of 43,923. Andretti Acquisition Corp. II has a one year low of $9.94 and a one year high of $11.16. The firm has a fifty day moving average price of $10.40 and a two-hundred day moving average price of $10.27.

Andretti Acquisition Corp. II Profile

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.