SCHEDULE: Wolverine Asset Management Discloses 5.66% Stake in Andretti

Wolverine Asset Management and associated entities have reported a 5.66% beneficial ownership stake in Andretti Acquisition Corp. II.

Summary

• Wolverine Asset Management, LLC (WAM) has filed a Schedule 13G disclosing beneficial ownership of 1,344,311 Class A Ordinary Shares of Andretti Acquisition Corp. II.
• This holding represents 5.66% of the issuer's outstanding Class A ordinary shares, based on 23,760,000 shares outstanding as of March 24, 2026.
• The reporting group includes Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick.
• The shares are held in the ordinary course of business and are not intended to influence the control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard regulatory disclosure of an institutional investment position.

Positives

• Institutional investor confidence indicated by the accumulation of a significant 5.66% stake.
• The filing confirms the investment is held in the ordinary course of business, suggesting a passive investment strategy.

Negatives

• None identified in this regulatory disclosure.

Risks

• The investment is subject to the general market risks associated with the issuer's business and the performance of the SPAC sector.

Future Outlook

The filing does not provide forward-looking guidance regarding the issuer's operations, as it is a standard disclosure of beneficial ownership.

Management Comments

• The reporting persons certify that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that institutional filings of this nature are common in the SPAC sector, where asset managers often take positions in anticipation of potential business combinations or as part of arbitrage strategies.

Comparison to Industry Standards

• The filing adheres to standard SEC requirements for Schedule 13G disclosures for passive investors.
• The 5.66% stake is consistent with typical institutional entry points for SPAC-related securities.

Related Party Transactions

• Wolverine Flagship Fund Trading Limited is identified as having the right to receive dividends or proceeds from the sale of the shares.

Stakeholder Impact

• Increased institutional visibility for Andretti Acquisition Corp. II shareholders.

Next Steps

• The reporting persons will continue to monitor their investment in the ordinary course of business.

Key Dates

Keywords

Andretti Acquisition Corp, Wolverine Asset Management, Schedule 13G, Institutional Ownership, SPAC, Beneficial Ownership