Cowen & Co. Discloses 5.0% Stake in Power & Digital Infra II

TL;DR

**Cowen & Co. just revealed a 5.0% stake in Power & Digital Infrastructure Acquisition II Corp., signaling institutional interest.**

AI Summary

Cowen and Company, LLC, a major financial services firm, reported on February 5, 2024, that it holds a significant stake in Power & Digital Infrastructure Acquisition II Corp. (ticker not provided, CUSIP 73919C100). This filing, triggered by an event on December 29, 2023, indicates Cowen's position as a passive investor, holding 1,000,000 shares, which represents 5.0% of the company's Common Stock. This matters to investors because a large institutional holding by a reputable firm like Cowen can signal confidence in the company's future, potentially influencing other investors and the stock's valuation.

Why It Matters

A significant institutional holding by Cowen and Company, LLC could be seen as a vote of confidence, potentially attracting more investor interest and positively impacting the stock's perceived value.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally doesn't pose a direct risk to shareholders.

Analyst Insight

A smart investor would research Power & Digital Infrastructure Acquisition II Corp. further, considering this institutional backing as a potential positive signal, but also evaluating the company's fundamentals and future prospects.

Key Numbers

• 1,000,000 — Shares Beneficially Owned (Cowen and Company, LLC's total shares in Power & Digital Infrastructure Acquisition II Corp.)
• 5.0% — Percentage of Class Outstanding (Cowen and Company, LLC's ownership stake in Power & Digital Infrastructure Acquisition II Corp.)

Key Players & Entities

• Cowen and Company, LLC (company) — the reporting person and institutional investor
• Power & Digital Infrastructure Acquisition II Corp. (company) — the subject company in which shares are held
• 1,000,000 (dollar_amount) — number of shares beneficially owned by Cowen and Company, LLC
• 5.0% (dollar_amount) — percentage of class outstanding beneficially owned by Cowen and Company, LLC
• December 29, 2023 (date) — date of event requiring the filing
• February 5, 2024 (date) — date the SC 13G filing was made

Forward-Looking Statements

• Other institutional investors may take note of Cowen's position and initiate or increase their own stakes. (Power & Digital Infrastructure Acquisition II Corp.) — medium confidence, target: Next 3-6 months

FAQ

Filing Documents

• xpdb_20524.htm (SC 13G) — 25KB
• 0001085146-24-000710.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Power & Digital Infrastructure Acquisition II Corp

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 321 North Clark St Ste 2440 Chicago, IL 60654

(a)

ITEM 2(a). NAME OF PERSON FILING: Cowen and Company, LLC

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 599 Lexington Ave. New York, NY 10022

(c)

ITEM 2(c). CITIZENSHIP: USA

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: 73919C100 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [X] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (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) [ ] 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) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 715,000 (b) Percent of class: 6.7% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Cowen and Company, LLC : 715,000 (ii) shared power to vote or to direct the vote: Cowen and Company, LLC : (iii) sole power to dispose or direct the disposition of: Cowen and Company, LLC : 715,000 (iv) shared power to dispose or to direct the disposition of: Cowen and Company, LLC : ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person

View Full Filing

View this SC 13G filing on SEC EDGAR