Aldel Financial II (ALDF)
Blank-check company pursuing a North American financial-services business combination.
Something off on this page? Send us feedback.
Raises capital in a trust account while pursuing a business combination, with an intended focus on North American financial services. It earns investment income before a deal closes and has no commercial operations, customers, or operating revenue.
Operates as a Cayman Islands-incorporated special-purpose acquisition company that searches for a business combination rather than running a commercial business. Its stated focus is financial-services companies in North America, although the mandate can extend across sectors and geographies. Selection criteria emphasize a public-market-ready target with an experienced management team, reporting infrastructure, and defined capital and liquidity needs.
Raises public capital into a trust account, where investment income supplies pre-combination earnings; it has no customers, products, operating segments, or operating revenue before a deal closes. Management’s work covers target sourcing, diligence, valuation, financing, and transaction execution, with stated support on public-company, board, strategic, and operational matters. Completion depends on finding a target, Nasdaq’s trust-asset test and control requirements, and shareholder redemptions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $283.1K · Total debt $0 · Total assets $247.7M · Shareholders' equity $247.7M
- Revenue
- $0
- Operating income
- $0
- Net income
- $0
No dividends on record.
| Institutions50 holders · as of Mar 31, 2026 | 75.97% | 22.69M shares | |
| Insiders2 holders · as of Oct 29, 2025 | 20.25% | 6.05M shares | |
| Strategic holders1 holder · as of Oct 25, 2024 | 1.60% | 477.5K shares | |
| Otherremainder | 2.18% | 650.8K shares |
29.87M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Robert I. Kauffman1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 20.21% | 6.05M COMPANY | 13Dfiled Oct 29, 2025 ↗ |
Harraden Circle Investments, LLCInstitution | 7.87% | 2.35M A | 13Fas of Mar 31, 2026 |
Magnetar Financial LLCInstitution | 6.36% | 1.90M A | 13Fas of Mar 31, 2026 |
AQR Arbitrage LLCInstitution | 5.07% | 1.51M A | 13Fas of Mar 31, 2026 |
AQR Capital Management, LLCInstitution | 5.07% | 1.51M | 13Gfiled May 13, 2026 ↗ |
| See all 25 → | |||
- Robert I. Kauffman's transaction reports restate only vehicles that traded; the 2025 ownership statement (6.05M) less the 12.5K net shares sold since is used instead.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
No open-market trades in the last 12 months.
- Blackstone
Large-scale private equity and credit rival for financial-services deals.
- Apollo Global Management
Control-buyout and structured-capital alternative for financial targets.
- Ares Management
Credit-led private-markets competitor for financial-services targets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Aldel Financial II | $10.81 | +0.09% | $322.7M | 29.9 | — | — | — |
| Blackstone | $137.00 | +0.12% | $165.28B | 30.4 | 21.3 | 10.3 | +2.4% |
| Apollo Global Management | $129.65 | −2.03% | $76.20B | 29.6 | 13.5 | 2.1 | +63.7% |
| Ares Management | $137.66 | −0.30% | $45.34B | 57.3 | 21.2 | 7.1 | +5.8% |
| Median | 30.4 | 21.2 | 7.1 | +5.8% |