Cowen & Co. Discloses Stake in Andretti Acquisition Corp.

TL;DR

**Cowen & Co. just revealed a stake in Andretti Acquisition Corp., signaling institutional interest.**

AI Summary

Cowen and Company, LLC, a New York-based financial services firm, filed an SC 13G on February 5, 2024, disclosing its beneficial ownership in Andretti Acquisition Corp. as of December 29, 2023. This filing indicates that Cowen and Company, LLC holds a significant stake in Andretti Acquisition Corp., a SPAC, which is important for investors as it signals institutional interest and potential influence on future business combinations or strategic decisions.

Why It Matters

This filing shows that a major financial institution, Cowen and Company, LLC, has a notable position in Andretti Acquisition Corp., which can be seen as a vote of confidence and may influence other investors.

Risk Assessment

Risk Level: low — An SC 13G filing typically indicates passive ownership, posing minimal direct risk to current shareholders.

Analyst Insight

Investors should note the institutional ownership by Cowen and Company, LLC, as it could indicate a level of confidence in Andretti Acquisition Corp.'s future prospects, but should conduct further due diligence on the SPAC's potential merger targets.

Key Players & Entities

• Cowen and Company, LLC (company) — the reporting person and beneficial owner
• Andretti Acquisition Corp. (company) — the subject company (issuer) of the securities
• December 29, 2023 (date) — the date of the event requiring the filing
• February 5, 2024 (date) — the filing date of the SC 13G

FAQ

Filing Documents

• wnnr_20524.htm (SC 13G) — 25KB
• 0001085146-24-000709.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Andretti Acquisition Corp.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 7615 Zionsville Rd. Indianapolis, IN 46268

(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: G26735103 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: 569,389 (b) Percent of class: 7.2% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 569,389 (ii) shared power to vote or to direct the vote: (iii) sole power to dispose or direct the disposition of: 569,389 (iv) shared power to dispose or to direct the disposition of: ITEM 5. 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 owner of more than five percent of the class of securities, check the fo

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View this SC 13G filing on SEC EDGAR