Aldel Financial II has a market cap of $260 million, and BTIG is the underwriter for its IPO.
Founded in 2024, Aldel Financial II is a blank check company looking to acquire businesses in financial services, real estate, and asset-based finance, specifically those valued between $1 billion and $5 billion. The company is incorporated in the Cayman Islands and has no employees. Robert Kauffman, co-founder of Fortress Investment Group, serves as CEO and chairman, while Hassan Baqar is the CFO.
The company plans to raise $200 million through its IPO by offering 20 million units at $10 each. Each unit includes one Class A ordinary share and a redeemable warrant. Confidential IPO documents were filed with the SEC on August 5, 2024.
Aldel Financial II is located at 104 S. Walnut Street, Unit 1A, Itasca, IL 60143. Contact: (847) 773-1665.
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