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Aldel Financial II (Ticker: ALDFU) is a blank check company targeting acquisitions in financial services, real estate, and asset-based finance sectors. Incorporated in the Cayman Islands, the firm plans to acquire businesses with a market capitalization between $1 billion and $5 billion.
The company will list on NASDAQ on October 22, 2024. It is offering 20 million units at $10.00 per unit, aiming to raise $200 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The expected market capitalization at the offering is $260 million. The IPO is managed by BTIG.