Aldel Investors II LLC - Oct 23, 2024 Form 4 Insider Report for Aldel Financial II Inc. (ALDF)

Role
10%+ Owner
Signature
/s/ Robert I. Kauffman By Robert I. Kauffman, its Manager
Stock symbol
ALDF
Transactions as of
Oct 23, 2024
Transactions value $
$0
Form type
4
Date filed
10/25/2024, 09:53 PM
Previous filing
Oct 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALDF Class A Ordinary Shares, par value $0.0001 Purchase +478K 478K Oct 23, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALDF Warrant Purchase +239K 239K Oct 23, 2024 Class A Ordinary Shares, par value $0.0001 239K $11.50 Direct F1, F2, F3, F4
transaction ALDF OTM Warrants Purchase +1M 1M Oct 23, 2024 Class A Ordinary Shares, par value $0.0001 1M $15.00 Direct F3, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Simultaneously with the consummation of the Company's initial public offering, Aldel Investors II LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 477,500 units (the "Private Units") in a private placement for an aggregate purchase price of $4,775,000. Each Private Unit consists of one Class A ordinary share, par value $0.0001, and one-half of one warrant.
F2 The Private Units were purchased for $10.00 per unit.
F3 The OTM Warrants and warrants included in the Private Units will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination.
F4 The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
F5 Consists of 1,000,000 OTM Warrants purchased pursuant to the OTM Warrants Purchase Agreement, dated October 21, 2024, by and among Aldel Financial II Inc., Aldel Investors II LLC and the Sponsor. Each OTM Warrant is exercisable for one Class ordinary share at an exercise price of $15.00 per share.
F6 The OTM Warrants will expire ten years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
F7 The OTM Warrants were purchased for $0.10 per warrant.

Remarks:

1. Robert I. Kauffman is the manager of Aldel Investors II LLC. Mr. Kauffman has voting and investment discretion with respect to the securities held of record by Aldel Investors II LLC and disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. 2. Mr. Kauffman serves on the Board of Directors of the Issuer (the "Board"). The Reporting Person may be deemed to be a director-by-deputization as a result of the service of Mr. Kauffman on the Board.