Aldel Financial II Inc. (ALDFW) Warrant
Each ALDFW warrant gives the holder the right to buy 1 share of Aldel Financial II Inc. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.82, below the strike, so the warrant is out of the money. Aldel Financial II Inc. has a market value of about $323.17M. Aldel Financial II Inc. is a SPAC (no deal announced yet). It must complete a deal by October 23, 2026 or the warrants expire worthless. There are 11.50M listed warrants; exercising all of them would add 38.5% to the 29.87M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.73
From the issuer's S-1/A (2024-10-18).
Company and stock
- Company
- Aldel Financial II Inc.
- Underlying stock
- ALDF
- Share price
- $10.82
- Market cap
- $323.17M
- Shares outstanding
- 29.87M
- 12-month range
- $10.44 – $10.83
- 12-month change
- +4%
- Value of all listed warrants
- $2.65M (0.8% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Itasca, IL
Market cap is the last share price times shares outstanding (as of 2025-10-27). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2301
- Price / model
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Dilution
- Shares outstanding
- 29.87M
- Listed warrants
- 11.50M
- Dilution if all exercised
- 38.5%
Warrant count from filing notes, read by hand (high): Public Warrants.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2026-10-23
- Latest possible deadline
- 2028-01-23
- Trust per share
- $10.76
- Sponsor
- Aldel Investors II LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about ALDFW
When does the ALDFW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of ALDFW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many ALDFW warrants are outstanding?
11.50M listed warrants, equal to 38.5% dilution if all are exercised.
Related warrants
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