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 trading, the Class A ordinary
shares and the warrants will be traded on Nasdaq under the symbols
"ALDF" and "ALDFW," respectively.
The Company intends to use the net proceeds from the offering,
and the simultaneous private placements of units and warrants, to
consummate the Company's initial business combination.
BTIG, LLC acted as sole book-running manager for the
offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from BTIG, LLC, 65 East 55th Street
New York, New York 10022, Attn:
Syndicate Department, BTIGSyndicateCoverage@btig.com, or by
visiting EDGAR on the SEC's website at www.sec.gov..
A registration statement relating to the securities has been
filed with, and declared effective by, the Securities and Exchange
Commission ("SEC"). This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Aldel Financial II Inc.
Aldel Financial II Inc. is a blank check company, also commonly
referred to as a special purpose acquisition company, or SPAC,
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company's initial public offering ("IPO"), the anticipated use of
the net proceeds thereof and the Company's search for an initial
business combination. No assurance can be given that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
prospectus for the IPO filed with the SEC. Copies are available on
the SEC's website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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SOURCE Aldel Financial II Inc.