Aldel Financial II Warrants (ALDFW)
Public warrants tied to a financial-services SPAC's future business combination.
Something off on this page? Send us feedback.
Represent public warrants issued by a SPAC searching primarily for North American financial-services targets. Value depends on a completed transaction, because the issuer has no operations or announced target and the warrants receive no trust-liquidation distribution.
Trade as public warrants issued by a Nasdaq-listed special-purpose acquisition company that has no operating business or announced target. Each whole warrant becomes exercisable only after a business combination, subject to the stated post-combination timing condition, and expires earlier upon liquidation or at the end of the contractual post-combination term.
Support the search for an acquisition rather than ownership of a current operating business. The sponsor team focuses on North American financial services but can pursue any industry or geography; management evaluates targets, negotiates terms, arranges financing, and seeks shareholder or tender-offer approval.
Depend on a completed combination, sufficient financing, and public-share redemptions. The issuer's recurring income comes from interest on trust assets, and warrants receive no trust redemption or liquidation distribution.
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.
| Insiders2 holders · as of Oct 29, 2025 | 20.25% | 6.05M shares | |
| Strategic holders3 holders · as of Feb 17, 2026 | 15.83% | 4.73M shares | |
| Otherremainder | 63.92% | 19.09M shares |
29.87M company shares as of Sep 3, 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, LLCStrategic | 7.87% | 2.35M | 13Gfiled Nov 14, 2025 ↗ |
Magnetar Financial LLCStrategic | 6.36% | 1.90M | 13Gfiled Feb 17, 2026 ↗ |
AQR Capital Management, LLCInstitution | 5.07% | 1.51M | 13Gfiled May 13, 2026 ↗ |
LMR Partners LLPInstitution | 4.02% | 1.20M | 13Gfiled May 15, 2025 ↗ |
| See all 12 → | |||
- 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.
13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
No open-market trades in the last 12 months.
- KRAKacquisition
Rival bidder for regulated fintech and digital-asset targets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Aldel Financial II Warrants | $0.2611 | 0.00% | $253.5M | 0.7 | — | — | — |
| KRAKacquisition | $10.04 | +0.20% | $432.1M | — | — | — | — |