SCHEDULE: Bank of Montreal Discloses 5.55% Stake in Andretti Acquisition Corp. II

Bank of Montreal and its affiliates have disclosed a beneficial ownership of 5.55% in Andretti Acquisition Corp. II's Class A ordinary shares.

Summary

• Bank of Montreal and its affiliates, including BANK OF MONTREAL HOLDING INC., BMO NESBITT BURNS INC., and BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY, have reported beneficial ownership in Andretti Acquisition Corp. II.
• The aggregate amount beneficially owned by Bank of Montreal is 1,320,816 Class A ordinary shares, representing 5.55% of the class.
• BANK OF MONTREAL HOLDING INC. and BMO NESBITT BURNS INC. each beneficially own 1,285,408 shares, representing 5.41% of the class, primarily through shared voting and dispositive power.
• BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY holds 35,408 shares, representing 0.14% of the class, with sole voting and dispositive power.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Some securities are held by the Reporting Person acting as a prime broker on behalf of certain clients who have the power to direct the receipt of dividends from, or the proceeds from the sale of such securities.

Sentiment

Score: 6

Explanation: The filing indicates a significant institutional investor, Bank of Montreal, has taken a beneficial ownership stake exceeding 5% in Andretti Acquisition Corp. II. While this is a passive investment, it generally signals institutional confidence or strategic interest in the issuer.

Positives

• A significant institutional investment from Bank of Montreal and its affiliates indicates institutional interest in Andretti Acquisition Corp. II.
• The investment is stated to be in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a passive, potentially long-term or portfolio investment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Bank of Montreal may be viewed positively, potentially increasing investor confidence and liquidity for Andretti Acquisition Corp. II.

Key Dates

Keywords

Andretti Acquisition Corp. II, Bank of Montreal, BMO, Schedule 13G, beneficial ownership, institutional investment, Class A ordinary shares, SPAC