Aldel LLC 3
3 · Aldel Financial Inc. · Filed May 14, 2021
Insider Transaction Report
Form 3
Aldel LLC
10% Owner
Holdings
Warrant
Exercise: $11.50→ Common stock, par value $0.0001 (750,000 underlying)- 1,500,000
Class A Common Stock, par value $0.0001
Footnotes (3)
- [F1]The securities reported herein are held as units ("Units"), with each Unit consisting of one share of common stock, par value $0.0001 per share ("Common Stock"), of Aldel Financial Inc. (the "Company") and one-half of one warrant to purchase one share of Common Stock at an exercise price of $11.50 per share (the "Warrants").
- [F2]The Warrants will become exercisable at any time commencing on the later of (a) 12 months from April 12, 2021, the closing date of the Company's initial public offering, or (b) 30 days after the completion of the Company's initial business combination.
- [F3]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.