Aldel Financial II closes IPO of 23M units at $10; $231.15M placed in trust for business combination

Aldel Financial II Inc.

Gross IPO proceeds of $230M from 23M units (each 1 Class A share + 1/2 warrant); over-allotment fully exercised.
Private placement: 707,500 units at $10/unit ($7.075M) plus 1M OTM warrants at $0.10 each ($100K) to Sponsor and BTIG.
Trust account funded with $231.15M total (incl. $8.625M deferred underwriting discount); audited balance sheet filed.
Company has 24 months from Oct 23, 2024 to complete a business combination, targeting financial services.
Securities trade on Nasdaq: ALDF (shares), ALDF.W (warrants), ALDF.U (units).

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