Aldel Financial II Inc. Announces Closing of $230 Million Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option
Aldel Financial II, a newly formed special purpose acquisition company (SPAC), has completed its initial public offering raising $230 million through the sale of 23 million units at $10.00 per unit. The offering includes the full exercise of underwriters' over-allotment option for 3 million additional units. Each unit comprises one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share. The units trade on Nasdaq under 'ALDFU', while the separated components will trade as 'ALDF' and 'ALDFW'. The company, led by former Fortress Investment Group co-founder Robert Kauffman, plans to use the proceeds for an initial business combination.
Aldel Financial II, una nuova società di acquisizione per scopi speciali (SPAC), ha completato la sua offerta pubblica iniziale raccogliendo 230 milioni di dollari attraverso la vendita di 23 milioni di unità a 10,00 dollari per unità. L'offerta include l'esercizio completo dell'opzione di sovrallocazione degli underwriter per ulteriori 3 milioni di unità. Ogni unità comprende una azione ordinaria di Classe A e mezza opzione di rimborso, con le opzioni intere esercitabili a 11,50 dollari per azione. Le unità vengono scambiate su Nasdaq con il simbolo 'ALDFU', mentre i componenti separati verranno scambiati come 'ALDF' e 'ALDFW'. La società, guidata dall'ex co-fondatore di Fortress Investment Group, Robert Kauffman, prevede di utilizzare i proventi per una combinazione aziendale iniziale.
Aldel Financial II, una nueva compañía de adquisición a propósito especial (SPAC), ha completado su oferta pública inicial recaudando $230 millones a través de la venta de 23 millones de unidades a $10.00 por unidad. La oferta incluye el ejercicio completo de la opción de sobreasignación de los suscriptores por 3 millones de unidades adicionales. Cada unidad comprende una acción ordinaria de Clase A y medio warrant redimible, con warrants enteros ejercitables a $11.50 por acción. Las unidades se negocian en Nasdaq bajo 'ALDFU', mientras que los componentes separados se negociarán como 'ALDF' y 'ALDFW'. La compañía, dirigida por Robert Kauffman, excofundador de Fortress Investment Group, planea usar los ingresos para una combinación de negocios inicial.
Aldel Financial II는 새롭게 설립된 특수 목적 인수 회사(SPAC)로, 2억 3천만 달러를 모집하기 위해 2300만 유닛을 10.00 달러의 단가로 판매하는 최초의 공모를 완료했습니다. 이 제안에는 인수자들의 초과 배정 옵션에 대한 전체 행사로 300만 개의 추가 유닛이 포함되어 있습니다. 각 유닛은 클래스 A 보통주 한 주와 환매 가능한 워런트 반 개로 구성되며, 전체 워런트는 11.50 달러에 행사할 수 있습니다. 유닛은 Nasdaq에서 'ALDFU' 기호로 거래되며, 분리된 구성 요소는 'ALDF' 및 'ALDFW'로 거래됩니다. 이 회사는 Fortress Investment Group의 전 공동 창립자 로버트 카우프만이 이끌고 있으며, 수익금을 초기 사업 결합에 사용할 계획입니다.
Aldel Financial II, une société d'acquisition à vocation spéciale (SPAC) nouvellement formée, a complété son introduction en bourse en levant 230 millions de dollars grâce à la vente de 23 millions d'unités à 10.00 dollars par unité. L'offre comprend l'exercice complet de l'option de surallocation des souscripteurs pour 3 millions d'unités supplémentaires. Chaque unité comprend une action ordinaire de Classe A et une demi-option de rachat, avec des options entières exerçables à 11,50 dollars par action. Les unités se négocient sur le Nasdaq sous le symbole 'ALDFU', tandis que les composants séparés seront négociés comme 'ALDF' et 'ALDFW'. L'entreprise, dirigée par Robert Kauffman, ancien cofondateur de Fortress Investment Group, prévoit d'utiliser les produits pour une première combinaison d'affaires.
Aldel Financial II, ein neu gegründetes Special Purpose Acquisition Company (SPAC), hat seine Initial Public Offering abgeschlossen und 230 Millionen Dollar durch den Verkauf von 23 Millionen Einheiten zu 10,00 Dollar pro Einheit gesammelt. Das Angebot beinhaltet die volle Ausübung der Überplatzierungsoption der Underwriter für weitere 3 Millionen Einheiten. Jede Einheit besteht aus einer Stammaktie der Klasse A und einer halben rückzahlbaren Option, wobei die gesamten Optionen zu 11,50 Dollar pro Aktie ausübbar sind. Die Einheiten werden an der Nasdaq unter 'ALDFU' gehandelt, während die separaten Komponenten als 'ALDF' und 'ALDFW' gehandelt werden. Das Unternehmen, das von Robert Kauffman, einem ehemaligen Mitbegründer von Fortress Investment Group, geleitet wird, plant, die Erlöse für eine erste Unternehmenszusammenschluss zu verwenden.
- Successfully raised $230 million through IPO
- Full exercise of over-allotment option indicating strong demand
- Listing on major exchange (Nasdaq Global Market)
- No specific acquisition target identified yet
- Warrant dilution potential at $11.50 exercise price
- SPAC structure carries inherent investment risks
Insights
This SPAC IPO represents a notable development in the current market environment. The successful raise of
The unit structure (
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
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.
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