Aldel Financial II Inc. (ALDF) Form 10-Q — Nov 3, 2026
Aldel Financial II, a blank check SPAC, saw shareholders redeem 19,690,019 Class A shares for $213.8 million on October 5, 2026, leaving only $35.9 million in its trust account after the company's first extension vote. As a direct result of the redemptions, the company no longer qualifies for Nasdaq listing and will move its units, shares, and warrants to OTCID Basic Markets once delisting takes effect November 6, 2026. Shareholders also approved up to fifteen monthly deadline extensions until January 23, 2028, each costing a $50,000 trust deposit, and the sponsor issued a $1,000,000 promissory note (with $250,000 already drawn) to fund the search.
Key figures
- Net Income
- 6179716
- Debt Amount
- 1000000
- Cash Position
- 209992
- Gross Proceeds
- 230000000
- Shares redeemed
- 19690019
- Redemption payment
- 213842786
- Sponsor note drawn
- 250000
- Max extension period
- up to fifteen monthly extensions until January 23, 2028
- Nine month ga expenses
- 456019
- Extension fee per month
- 50000
- Redemption value per share
- 10.86
- Nine month investment income
- 6635735
- Trust balance post redemption
- 35947936
- Class a outstanding post redemption
- 10178194
AI analysis
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