ALDF

Aldel Financial II Inc. operates as a special purpose acquisition company (SPAC) focused on identifying and merging with a target business in the financial services sector. The company was incorporated in 2021 and is based in New York. As a blank check company, ALDF raised capital through its initial public offering with the specific purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company's management team brings experience in financial services, investment banking, and private equity sectors. ALDF initially raised approximately $150 million in its IPO, issuing units consisting of common stock and warrants. The company operates under a defined timeframe to complete a qualifying business combination, typically within 18 to 24 months from its IPO date. Until a merger is completed, the funds raised remain held in trust for the benefit of shareholders. The company targets businesses in financial technology, insurance, asset management, or related financial services industries. ALDF does not generate operating revenue in its current form and focuses entirely on identifying and evaluating potential acquisition targets that meet its investment criteria and can provide value to shareholders upon completion of a business combination.