Highbridge Capital Amends Andretti Acquisition Corp. Stake

TL;DR

**Highbridge Capital just updated its stake in Andretti Acquisition Corp., signaling a potential portfolio rebalance.**

AI Summary

Highbridge Capital Management, LLC, a Delaware-organized investment firm, filed an amended Schedule 13G/A on January 19, 2024, for its holdings in Andretti Acquisition Corp. (ticker: G26735103). This filing indicates a change in their ownership of Class A Ordinary Shares, par value $0.0001 per share, as of December 31, 2023. This matters to investors because it signals a potential shift in a significant institutional investor's confidence or strategy regarding Andretti Acquisition Corp., which could influence market perception and stock price.

Why It Matters

Changes in institutional ownership can signal shifts in market sentiment or investment strategy, potentially impacting the stock's perceived value and future performance.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently indicate high risk, though changes in ownership can influence stock volatility.

Analyst Insight

Investors should monitor subsequent filings from Highbridge Capital Management, LLC and other institutional investors to understand the full scope of their investment strategy changes in Andretti Acquisition Corp. This filing alone doesn't provide enough detail to make a definitive investment decision, but it's a data point for tracking institutional interest.

Key Numbers

• $0.0001 — Par Value per Share (The par value of Andretti Acquisition Corp.'s Class A Ordinary Shares.)

Key Players & Entities

• Highbridge Capital Management, LLC (company) — the reporting person filing the SC 13G/A
• Andretti Acquisition Corp. (company) — the issuer whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 19, 2024 (date) — the filing date of the SC 13G/A
• $0.0001 (dollar_amount) — par value per Class A Ordinary Share

FAQ

Key Financial Figures

• $0.0001 — r) Class A Ordinary Shares, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0115sc13ga.htm (SC 13G/A) — 46KB
• 0000902664-24-000426.txt ( ) — 48KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Andretti Acquisition Corp. (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 7615 Zionsville Road Indianapolis, Indiana 46268.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Highbridge Capital Management, LLC (" Highbridge " or the " Reporting Person "), a Delaware limited liability company and the investment adviser to certain funds and accounts (the " Highbridge Funds "), with respect to the Class A Ordinary Shares (as defined in Item 2(d) below) that were directly held by the Highbridge Funds.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of Reporting Person is 277 Park Avenue, 23rd Floor, New York, New York 10172.

(c)

Item 2(c). CITIZENSHIP: Highbridge is a Delaware limited liability company.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Class A ordinary shares, par value $0.0001 per share (the " Class A Ordinary Shares ").

(e)

Item 2(e). CUSIP NUMBER: G26735103 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E), CUSIP No. G26735103 13G/A Page 4 of 6 Pages (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) ¨ Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page of the Reporting Person and is incorporated herein by reference. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý Item 6. BEHALF OF ANOTHER PERSON: Not applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not ap

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: January 19, 2024 HIGHBRIDGE CAPITAL MANAGEMENT, LLC By: /s/ Kirk Rule Name: Kirk Rule Title: Executive Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR