Aristeia Capital L.L.C. acquired a new position in Andretti Acquisition Corp. II (NASDAQ:POLE – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 248,959 shares of the company’s stock, valued at approximately $2,617,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whitebox Advisors LLC acquired a new stake in Andretti Acquisition Corp. II during the second quarter valued at $2,076,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of Andretti Acquisition Corp. II in the second quarter worth about $7,785,000. Sandia Investment Management LP purchased a new position in shares of Andretti Acquisition Corp. II in the second quarter worth about $415,000. Radcliffe Capital Management L.P. purchased a new position in shares of Andretti Acquisition Corp. II in the second quarter worth about $2,386,000. Finally, Clear Street Group Inc. purchased a new position in shares of Andretti Acquisition Corp. II in the third quarter worth about $149,000.
Andretti Acquisition Corp. II Stock Performance
Shares of POLE stock opened at $10.74 on Thursday. The company has a 50 day moving average price of $10.71 and a 200 day moving average price of $10.62. Andretti Acquisition Corp. II has a fifty-two week low of $10.36 and a fifty-two week high of $10.90.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
Get Our Latest Stock Report on POLE
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.
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