Walleye Capital Discloses 5.0% Stake in Power & Digital Infra II

TL;DR

**Walleye Capital just revealed a 5.0% stake in PDI, signaling institutional interest.**

AI Summary

Walleye Capital LLC, a Minnesota-based investment firm, reported beneficial ownership of 1,000,000 shares of Class A common stock in Power & Digital Infrastructure Acquisition II Corp. (PDI) as of December 31, 2023. This represents a 5.0% stake in the company, triggering an SC 13G filing. This matters to investors because Walleye Capital LLC is a significant institutional holder, and their position indicates a notable investment in PDI's future, potentially signaling confidence in the company's prospects.

Why It Matters

This filing reveals a significant institutional investor's position, which can influence market perception and potentially provide a floor for the stock price.

Risk Assessment

Risk Level: low — The filing indicates a passive investment by an institutional holder, which generally carries lower risk than activist stakes or insider selling.

Analyst Insight

A smart investor would note this institutional ownership as a potential sign of confidence, but also research Walleye Capital LLC's investment strategy and Power & Digital Infrastructure Acquisition II Corp.'s fundamentals before making any investment decisions.

Key Numbers

• 1,000,000 — shares beneficially owned (Walleye Capital LLC's stake in Power & Digital Infrastructure Acquisition II Corp.)
• 5.0% — percentage of class (Walleye Capital LLC's ownership percentage of Class A common stock)

Key Players & Entities

• Walleye Capital LLC (company) — reporting person, institutional investor
• Power & Digital Infrastructure Acquisition II Corp. (company) — subject company, issuer
• Minnesota (company) — place of organization for Walleye Capital LLC
• December 31, 2023 (date) — date of event requiring filing

Forward-Looking Statements

• Walleye Capital LLC will maintain or slightly increase its stake in Power & Digital Infrastructure Acquisition II Corp. in the near term. (Walleye Capital LLC) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• walleye-xpdb123123.htm (SC 13G) — 51KB
• 0001172661-24-000164.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP.

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 321 North Clark Street, Suite 2440 Chicago, IL 60654

(a, b, c)Names of Person Filing, Address

Item 2. (a, b, c)Names of Person Filing, Address of Principal Business Office, Citizenship: Walleye Capital LLC, a Minnesota limited liability company, 2800 Niagara Lane N, Plymouth, MN 55447.

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Class A common stock included as part of the units

(e) CUSIP No

Item 2. (e) CUSIP No.: 73919C100 CUSIP No. 73919C100 SCHEDULE 13G Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 73919C100 SCHEDULE 13G Page 5 of 6 Pages Item 4.Ownership Information with respect to the Reporting Person’s ownership of the Common Stock as of December 31, 2023, is incorporated by reference to items (5) - (9) and (11) of the cover page for the Reporting Person. The amount beneficially owned by the Reporting Person is determined based on 10,608,178 shares of common stock , outstanding as of 9/30/2023. Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial Item 6.Ownership o

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View this SC 13G filing on SEC EDGAR