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.
Athena Technology II (NYSE:ATEK) has entered into a definitive agreement to combine with Ace Green Recycling at an equity value of $250 million. Houston, Texas-based Ace Green has developed technology for low-emissions recycling to harvest lithium, lead and other valuable resources from lithium-ion batteries. The combined company is expected to trade on a US exchange...
At the SPAC of Dawn One of the last major pieces to fall into place for the new Trump administration has been the one that affects SPACs most directly – the chairmanship of the SEC. Paul Atkins has now been picked for the post and is set to succeed Gary Gensler who already announced his...
Shepherd Ave Capital Acquisition Corporation (NASDAQ:SPHAU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPHAU”, Thursday, December 5, 2024. The new SPAC intends to conduct a broad search for a combination target without a preference for a specific industry or region....
At the SPAC of Dawn SPACInsider has kept a close eye on how the new tariffs ushered in by a second Trump presidency could affect SPACs and their deals moving forward. But, there is a genre of SPAC deal that has cropped up in recent years essentially as a hedge to trade tensions and they...
Tavia Acquisition Corp. (NASDAQ:TAVIU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TAVIU”, Wednesday, December 4, 2024. The Company is strategically focused on sectors pivotal to advancing sustainability and innovation, including energy transition and critical materials, circular economy initiatives, and innovative...