Aldel Financial

General Information
Business:

We intend to concentrate our efforts on identifying a target business that is exiting the restructuring process or that has transient current ownership, with particular emphasis on businesses that have strong management teams, realigned capital structures, positive cash flows prospects, and a clear and well-defined pathway for growing profitably over the long-term. In addition, we intend to capitalize on the ability of our management team to identify, acquire, and manage a business that is exiting the restructuring process or that has transient current ownership, and which can benefit from their experience and differentiated global network.

Our CEO and board chairman is Robert Kauffman, the founder of Aldel Capital, a private investment firm. He is also a former principal of Fortress Investment Group, which he co-founded in 1998. He previously was a managing director at UBS and, before that, he was a principal at BlackRock Financial Management.

(Note: Aldel Financial priced its SPAC IPO on April 8, 2021, in line with the reduced terms in its amended prospectus: 10 million units at $10 each to raise $100 million. Aldel Financial cut its SPAC IPO in half to 10 million units at $10 each in an S-1/A filing dated March 25, 2021.)

Industry: BLANK CHECKS
Employees: 0
Founded: 2020
Contact Information
Address 105 S. Maple Street Itasca, Illinois 60143
Phone Number (847) 791-6817
Web Address
View Prospectus: Aldel Financial
Financial Information
Market Cap $257.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol ADF.U
Exchange NYSE
Shares (millions): 10.0
Price range $10.00 - $10.00
Est. $ Volume $100.0 mil
Manager / Joint Managers ThinkEquity (a division of Fordham Financial Management)
CO-Managers -
Expected To Trade: 4/9/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change