Aldel Financial II Inc. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALDFU”, Tuesday, October 22, 2024.
The new SPAC plans to combine with an established business of scale with prospects for positive cash flow and the infrastructure to handle being a public company.
The sponsor team for Aldel II is to be led by Chief Executive Office Robert I. Kauffman alongside Chief Financial Officer and Secretary Hassan R. Baqar. Its Board is to be made up of nominees Stuart Kovensky, Jonathan Marshall, Meltem Demirors, and Peter Early.
Total SPAC deal count for 2024 year-to-date is now 38. This offering is expected to close on Wednesday, October 23, 2024.
BTIG, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Fruci Associates II PLLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
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Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...
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At the SPAC of Dawn Futures are largely green with the CPI reading coming up, and several SPACs and de-SPACs have cause to feel bullish regardless of what the reading states. Pharma and beauty company Longevity Health (NASDAQ:XAGE) announced it will acquire plasma collection firm True Health ahead of market open in news that has...