Aldel Financial II Inc
Aldel Financial II Inc (ALDF) is a blank check special purpose acquisition company (SPAC) incorporated under Cayman Islands law that raised capital through an IPO to identify and complete a single business combination with a target company. It does not operate an underlying business and generates no product or service revenue. The IPO closed on October 21, 2024, with the underwriter receiving a $4,025,000 upfront discount representing 1.75% of gross IPO proceeds, and a deferred underwriting commission of 3.75% of gross proceeds payable upon completion of a business combination. The sponsor, Aldel Investors II LLC, pays the company a $20,000 monthly fee under an Administrative Services Agreement. As of February 20, 2026, the company had 29,868,214 ordinary shares outstanding, comprising 23,707,500 Class A and 6,106,000 Class B shares. No business combination had been completed as of the 10-K filing date of March 25, 2026.
Products & Services
Blank check vehicle structured to execute a single merger, share exchange, asset acquisition, stock purchase, recapitalization, or similar business combination with an unidentified target company.
Revenue Model
No operating revenue. The company holds IPO proceeds in trust pending a business combination. The sponsor pays a $20,000 monthly administrative services fee to the company. The underwriter receives a deferred commission of 3.75% of gross IPO proceeds upon deal completion.
Customers & Markets
Public shareholders who purchased Class A ordinary shares and warrants in the IPO. No commercial customers or end markets, as the company has no operating business as of the filing date.
Geographic Exposure
Incorporated in the Cayman Islands. No disclosed geographic preference for target businesses as of the 10-K filed March 25, 2026.
Source: SEC 10-K, filed 2026-03-25
Financial Snapshot
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