Andretti Acquisition Corp. II $POLE Shares Bought by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. lifted its holdings in shares of Andretti Acquisition Corp. II (NASDAQ:POLE) by 107.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 477,001 shares of the company’s stock after purchasing an additional 247,159 shares during the period. Radcliffe Capital Management L.P.’s holdings in Andretti Acquisition Corp. II were worth $4,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Clear Street LLC boosted its stake in shares of Andretti Acquisition Corp. II by 61,656.5% in the second quarter. Clear Street LLC now owns 14,204 shares of the company’s stock valued at $147,000 after buying an additional 14,181 shares in the last quarter. Wolverine Asset Management LLC raised its position in Andretti Acquisition Corp. II by 2.8% in the third quarter. Wolverine Asset Management LLC now owns 1,087,579 shares of the company’s stock worth $11,376,000 after acquiring an additional 29,401 shares in the last quarter. Sandia Investment Management LP acquired a new stake in Andretti Acquisition Corp. II in the second quarter valued at $415,000. Whitebox Advisors LLC acquired a new stake in Andretti Acquisition Corp. II in the second quarter valued at $2,076,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Andretti Acquisition Corp. II during the 2nd quarter worth $7,785,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Andretti Acquisition Corp. II has an average rating of “Sell”.

Andretti Acquisition Corp. II Stock Performance

POLE stock opened at $10.64 on Friday. The firm has a 50 day moving average of $10.59 and a 200-day moving average of $10.54. Andretti Acquisition Corp. II has a 12-month low of $10.11 and a 12-month high of $10.90.

Andretti Acquisition Corp. II Company Profile

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.