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Stock impact report

Aldel Financial II Inc. Announces Closing of $230 Million Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option

Aldel Financial II Inc. - Units (ALDFU) 
Company Research Source: PR Newswire
ITASCA, Ill., Oct. 23, 2024 /PRNewswire/ -- Aldel Financial II Inc. (the "Company"), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chairman and CEO Robert Kauffman (former co-founder of Fortress Investment Group, LLC), today announced the closing of its initial public offering of 23,000,000 units at an offering price of $10.00 per unit. This includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 3,000,000 units. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are listed on the Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "ALDFU". No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate Show less Read more
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