Fundamental Global Inc. Merchant Banking Client Aldel Financial II Inc. Announces Closing of $230 Million Initial Public Offering
Fundamental Global Inc. (FGF)
Company Research
Source: GlobeNewswire
Mooresville, NC, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global” or the “Company”) is pleased to announce that Aldel Financial II Inc. (Aldel Financial II”), one of the Company’s merchant banking holdings, has successfully completed a $230 million initial public offering. Aldel Financial II is a newly organized special purpose acquisition company led by Chairman and CEO Robert Kauffman, former co-founder of Fortress Investment Group, LLC. Aldel Financial II intends to use the net proceeds to consummate its initial business combination. Following Aldel Financial II’s IPO, the Company’s holding position includes: 203,571 Aldel Financial II Class B Ordinary Shares28,170 Aldel Financial II Private Units, consisting of: 28,170 Class A common shares and14,085 $11.50 5-year warrants 33,044 Aldel Financial II $15.00 10-year warrants About Fundamental Global Inc. Fundamental Global Inc. (Nasdaq: FGF, FGFPP) and its subsidi
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FGF
Sec Filings
- 11/21/24 - Form DEF
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- FGF's page on the SEC website