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ALDF on Nasdaq

Aldel Financial II Inc.

Blank check company, listed on Nasdaq (ALDF)1

In its 2026 annual report the company says: “We are a blank check company incorporated as a Cayman Islands exempted company on July 15, 2024 for the purpose of merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.While we are not limited to a particular industry or geographic region for purposes of consummating a Business Combination, we intends to focus on businesses in the financial services industry.”4 It is headquartered in Itasca, Illinois.1

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Last updated Oct 21, 2026.

Overview

$9.2MNet income, fiscal 20252

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  • TickerALDF on Nasdaq1
  • IndustryBlank Checks1
  • HeadquartersItasca, Illinois1
  • Business address104 S. Walnut Street, Unit 1A, Itasca, Il 601433
  • Filer category, Emerging growth company3

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We are a blank check company incorporated as a Cayman Islands exempted company on July 15, 2024 for the purpose of merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (“Business Combination”).While we are not limited to a particular industry or geographic region for purposes of consummating a Business Combination, we intends to focus on businesses in the financial services industry. We are an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1416.0%Return on equity2

Financial statements

Every line of the income statement as filed: the last 1 fiscal year, latest first.2

Period ending2025-12-31
General and administrative expenses$653.5K
Loss from operations-$653.5K
Investment income on trust account$9.9M
Total other income$9.9M
Net income$9.2M

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Corporate structure

Aldel Financial II Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Aldel Financial II Inc.

  • Aldel Financial II Inc. Itasca, Illinois

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Aldel Financial II Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$541.6K2 Dec 31, 2025$1.0M2 Dec 31, 2024−46.1%

Properties, in its own words

We currently maintain our executive offices at 104 S. Walnut Street, Unit 1A, Itasca, IL 60143. Our executive offices are provided to us by our Sponsor at a minimal payment per month (included in the fee of up to $20,000 per month that we pay to our sponsor for administrative and support services). We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led Aldel Financial II Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert I. Kauffman2024–now

Chief financial officer

  1. Hassan Baqar2024–now
2025
Board members and other officers (6)

Timeline

  1. Oct 9, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote15
  2. Sep 22, 20268-K Other events16
  3. Sep 16, 20268-K Listing notice or transfer17
  4. Dec 8, 20258-K Shareholder vote18
  5. Oct 31, 20258-K Executive or director change19
  6. Oct 29, 20248-K Entered a material agreement20
  7. Oct 25, 20248-K Entered a material agreement; Unregistered sale of shares; Executive or director change21
  8. Oct 21, 2024New chief executive Robert I. Kauffman becomes CEO8

Filings

69 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 7 major events, 12 insider forms, 16 large holders, 26 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Sep 22, 20268-K EDGAR
  3. Sep 21, 2026ARS EDGAR
  4. Sep 21, 2026DEF 14A EDGAR
  5. Sep 18, 2026PRER14A EDGAR
  6. Sep 16, 20268-K EDGAR
  7. Sep 4, 2026PRE 14A EDGAR
  8. Aug 14, 2026SCHEDULE 13G/A EDGAR
  9. Jul 21, 202610-Q EDGAR
  10. May 13, 2026SCHEDULE 13G/A EDGAR
  11. May 8, 202610-Q EDGAR
  12. Mar 25, 202610-K EDGAR
  13. Feb 17, 2026SCHEDULE 13G/A EDGAR
  14. Dec 8, 20258-K EDGAR
  15. Nov 14, 2025SCHEDULE 13G/A EDGAR
  16. Nov 5, 2025ARS EDGAR
  17. Nov 4, 2025DEF 14A EDGAR
  18. Oct 31, 20258-K EDGAR
  19. Oct 29, 20254 OWNERSHIP DOCUMENT EDGAR
  20. Oct 29, 20254 OWNERSHIP DOCUMENT EDGAR

The 69 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 23, 2024KAUFFMAN ROBERT IChief Executive OfficerBuy477,500Form 4
Oct 23, 2024Aldel Investors II LLC10% ownerBuy477,500Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Aldel Financial II Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAldel Financial II Inc.1
  • CIK0002031561
  • Employer ID (EIN)98-18007024
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address104 S. Walnut Street, Unit 1A, Itasca, IL 601431
  • Phone(847) 791-68171
  • Shares outstanding23,707,500 Common Class A shares; 6,160,714 Common Class B shares as of Mar 24, 20264
  • Public float$241.3M as of Jun 30, 20254
  • AuditorFruci & Associates II. PLLC, Spokane, Washington PCAOB ID 5525; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 5, 20241
  • Filings69 in all: 3 (8), SCHEDULE 13G/A (8), 8-K (7), SCHEDULE 13G (7), 10-Q (6), CORRESP (5), UPLOAD (5), 4 (4)1
    All 23 form types

    10-K (2), ARS (2), DEF 14A (2), S-1/A (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), PRE 14A (1), PRER14A (1), S-1 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Jul 21, 2026
    Proxy statement (DEF 14A) Sep 21, 2026
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
UnitsALDF.UNASDAQ
Ordinary SharesALDFNASDAQ
WarrantsALDF.WNASDAQ

From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

Legal proceedings

There is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacity as such.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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