SCHEDULE: Bank of Montreal Divests Andretti Acquisition Corp. II Stake

Bank of Montreal and its affiliates report 0% beneficial ownership in Andretti Acquisition Corp. II, signaling a complete divestment.

Summary

• Bank of Montreal, along with its affiliated entities BANK OF MONTREAL HOLDING INC., BMO NESBITT BURNS INC., and BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY, has filed an Amendment No. 1 to Schedule 13G.
• The filing indicates that as of December 31, 2025, the reporting persons beneficially own 0 shares of Andretti Acquisition Corp. II's Class A ordinary shares, representing 0% of the class.
• This amendment signifies a complete divestment of any previously held reportable stake by the Bank of Montreal group in Andretti Acquisition Corp. II.
• The securities were certified as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative. While a routine regulatory filing, the complete divestment by a major institutional investor group like Bank of Montreal does not signal confidence in the issuer's prospects.

Negatives

• A major institutional investor group, Bank of Montreal and its affiliates, has fully divested its position in Andretti Acquisition Corp. II, which could be interpreted as a lack of continued confidence in the issuer.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Andretti Acquisition Corp. II's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that institutional investor movements, particularly divestments by major banking groups like Bank of Montreal, are closely watched in the SPAC market. While a 0% ownership filing is a routine regulatory disclosure, the complete exit of a significant holder can sometimes precede or coincide with broader shifts in investor sentiment or strategic developments for the SPAC.

Stakeholder Impact

• Shareholders: Existing shareholders may view the complete divestment by a major institutional investor as a negative signal, potentially influencing their own investment decisions.
• Investment Professionals: Analysts and investors will note the exit of Bank of Montreal as part of their assessment of institutional interest and support for Andretti Acquisition Corp. II.

Key Dates

Recommendation

The filing indicates a major institutional investor has fully divested its stake, which is a negative signal. However, without further information on the reasons for divestment or the company's operational status, a 'hold' recommendation is prudent for existing investors to await more comprehensive updates. New investors should exercise caution.

Keywords

Andretti Acquisition Corp. II, Bank of Montreal, Schedule 13G, Beneficial Ownership, Divestment, Institutional Investor, SPAC, Class A ordinary shares