Aldel Financial II Inc. (ALDF)

Aldel Financial II Inc. is a special purpose acquisition company, also known as a blank check company. It was formed to raise capital through an initial public offering and then complete a merger, share exchange or similar business combination with one or more operating businesses, and it has no commercial operations of its own.

Management has said it intends to focus its search on businesses in financial services, real estate and asset-based finance. The company is led by Robert Kauffman, a co-founder of Fortress Investment Group, and its sponsor team previously ran Aldel Financial, the blank check company that combined with Hagerty in 2021. Its Class A ordinary shares trade on Nasdaq.