Institutional investors have taken a substantial stake in Andretti Acquisition Corp., owning close to 49% of the company's equity. Andretti Sponsor LLC is at the forefront, holding a significant 31% share. Other major institutional players include First Trust Capital Management L.P. and Radcliffe Capital Management, L.P., with stakes of 7.3% and 4.7%, respectively. Together, the top six shareholders wield control over more than fifty percent of the company's shares.
Another point of interest is the insider ownership within the company, which stands at less than 1%. The board's holdings are valued at approximately $1.4 million, a modest figure in comparison to the company's market capitalization of $148 million. This suggests there may be room for insiders to increase their stake in the company to better align with shareholder interests.
The ownership structure also reveals that public investors hold a significant 19% stake in Andretti Acquisition Corp., while private companies account for another 31%. This latter group could represent indirect insider interests or connections to related parties, which might require further examination.
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