SC 13G: Andretti Acquisition Corp. II
Ticker: POLEW · Form: SC 13G · Filed: Nov 6, 2024 · CIK: 2025341
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by Andretti Acquisition Corp. II.
Risk Assessment
Risk Level: low
Filing Stats: 1,662 words · 7 min read · ~6 pages · Grade level 13.8 · Accepted 2024-11-06 11:24:52
Filing Documents
- tm2427553d1_sc13g.htm (SC 13G) — 129KB
- tm2427553d1_ex99-1.htm (EX-99.1) — 9KB
- tm2427553d1_ex99-2.htm (EX-99.2) — 5KB
- 0001104659-24-114655.txt ( ) — 144KB
(a) Name
Item 1(a) Name of Issuer. Andretti Acquisition Corp II (the “Issuer”)
(b) Address
Item 1(b) Address of Issuer’s Principal Executive Offices. 7615 Zionsville Road Indianapolis, IN 46268
(a) Name
Item 2(a) Name of Person Filing. This statement is filed on behalf of each of the following person (collectively, the “Reporting Persons”): i) Magnetar Financial LLC (“Magnetar Financial”); ii) Magnetar Capital Partners LP (Magnetar Capital Partners”); iii) Supernova Management LLC (“Supernova Management”); and iv) David J. Snyderman (“Mr. Snyderman”). This statement relates to the Shares (as defined herein) held for Magnetar Constellation Master Fund, Ltd (“Constellation Master Fund”), Magnetar Xing He Master Fund Ltd (“Xing He Master Fund”), Magnetar SC Fund Ltd (“SC Fund”), Purpose Alternative Credit Fund Ltd (“Purpose Credit Fund”), all Cayman Islands exempted companies; Magnetar Structured Credit Fund, LP (“Structured Credit Fund”) a Delaware limited partnership; Magnetar Alpha Star Fund LLC (“Alpha Star Fund”), Magnetar Lake Credit Fund LLC (“Lake Credit Fund”), Purpose Alternative Credit Fund - T LLC (“Purpose Credit Fund – T"), all Delaware limited liability companies; collectively (the “Magnetar Funds”). Magnetar Financial serves as the investment adviser to the Magnetar Funds, and as such, Magnetar Financial exercises voting and investment power over the Shares held for the Magnetar Funds’ accounts. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova Management is Mr. Snyderman.
(b) Address
Item 2(b) Address of Principal Business Office. The address of the principal business office of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman is 1603 Orrington Avenue, 13 th Floor, Evanston, Illinois 60201.
(c) Place
Item 2(c) Place of Organization. i) Magnetar Financial is a Delaware limited liability company; ii) Magnetar Capital Partners is a Delaware limited partnership; iii) Supernova Management is a Delaware limited liability company; and iv) Mr. Snyderman is a citizen of the United States of America.
(d) Title
Item 2(d) Title of Class of Securities. Common Stock
(e) CUSIP
Item 2(e) CUSIP Number. G26745110
Reporting
Item 3 Reporting Person. (e) An investment adviser in accordance with §240.13d–1(b)(1)(ii)(E) (g) A parent holding company or control person in accordance with §240.13d–1(b)(1)(ii)(G) Item 4 Ownership .
(a) Amount
Item 4(a) Amount Beneficially Owned: As of September 30, 2024, each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Snyderman held 1,400,000 Shares. The amount consists of (A) 322,000 Shares held for the account of Constellation Master Fund; (B) 252,000 Shares held for the account of Lake Credit Fund; (C) 224,000 Shares held for the account of Structured Credit Fund; (D) 210,000 Shares held for the account of Xing He Master Fund; (E) 140,000 Shares held for the account of Alpha Star Fund; (F) 126,000 Shares held for the account of Purpose Credit Fund; (G) 98,000 Shares held for the account of SC Fund; and (H) 28,000 Shares held for the account of Purpose Credit Fund - T. The Shares held by the Magnetar Funds represent approximately 5.89% of the total number of Shares outstanding (calculated pursuant to Rule 13d-3(d)(1)(i)) of the outstanding shares of the Issuer).
(b) Percent
Item 4(b) Percent of Class: (i) As of September 30, 2024, each of Reporting Persons were deemed to be the beneficial owner constituting approximately 5.89% of the total number of shares outstanding (based upon the information provided by the Issuer in its Form 10-Q filed with the SEC October 11, 2024 there were approximately 23,760,000 Shares outstanding as of October 11, 2024). Item4(c) Number of Shares of which such person has: Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote : 1,400,000 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,400,000
Ownership
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 owner of more than 5 percent of the class of securities, check the following .
Ownership
Item 6 Ownership of More Than Five Percent on Behalf of Another Person. This Item 6 is not applicable.
Identification
Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company. This Item 7 is not applicable.
Identification
Item 8 Identification and Classification of Members of the Group. This Item 8 is not applicable.
Notice
Item 9 Notice of Dissolution of Group. This Item 9 is not applicable.
Certification
Item 10 Certification. By signing below the Reporting Persons certifies that, to the best of their knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: November 6, 2024 magnetar financial llc By: Magnetar Capital Partners LP, its Sole Member By: Supernova Management LLC, its General Partner By: /s/ Hayley Stein Name: Hayley Stein Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC Date: November 6, 2024 magnetar capital partners LP By: Supernova Management LLC, its General Partner By: /s/ Hayley Stein Name: Hayley Stein Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC Date: November 6, 2024 supernova management llc By: /s/ Hayley Stein Name: Hayley Stein Title: Attorney-in-fact for David J. Snyderman, Manager Date: November 6, 2024 DAVID J. SNYDERMAN By: /s/ Hayley Stein Name: Hayley Stein Title: Attorney-in-fact for David J. Snyderman EXHIBIT INDEX Exhibit No. Description 99.1 Joint Filing Agreement, dated as of November 6, 2024, among the Reporting Persons. 99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on November 6, 2024.