Aldel Financial II Inc.
Business
Aldel Financial II Inc. is a blank check (SPAC) company formed to effectuate a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. It offers units consisting of Class A ordinary shares and public warrants, private units and private warrants issued in its IPO and private placements, and maintains a trust account to hold proceeds pending a business combination. Its operations comprise pre-combination activities (capital formation, trust management and sponsor arrangements) and the target evaluation and acquisition process. The company intends to focus its search on financial services businesses primarily in North America and uses public markets and private placements to source capital and complete transactions.
Summary from filing dated 2025-02-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative expenses | 653,532 | |
| Loss from operations | −653,532 | |
| Investment income on trust account | 10 | |
| Total other income | 10 | |
| Net income | 9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-06-30 |
|---|---|---|---|---|
| Cash | 541,650 | 1 | — | |
| Prepaid expense | 138,026 | 323,005 | — | |
| Total current assets | 679,676 | 1 | — | |
| Investment held in trust account | 243 | 233 | — | |
| TOTAL ASSETS | 244 | 234 | — | |
| Accounts payable | 28,145 | 22,027 | — | |
| TOTAL LIABILITIES | 28,145 | 22,027 | — | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | |
| Preferred shares, $0.0001 par value; 1,000,000 shares authorized; 0 issued and outstanding | — | — | — | |
| Accumulated deficit | 650,844 | 1 | — | |
| Total Stockholders' Equity | 651,531 | 1 | 0 | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 244 | 234 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Net income | 9 | |
| Accounts payable | 6,118 | |
| Prepaid expenses | 184,979 | |
| Net cash used in operating activities | 9 | |
| Investment in trust account | −10 | |
| Net cash used in investing activities | −10 | |
| Net increase in cash | −462,435 |