Aldel Investors II LLC 4
4 · Aldel Financial II Inc. · Filed Oct 25, 2024
Insider Transaction Report
Form 4
Aldel Investors II LLC
10% Owner
Transactions
- Purchase
Warrant
2024-10-23+238,750→ 238,750 totalExercise: $11.50→ Class A Ordinary Shares, par value $0.0001 (238,750 underlying) - Purchase
OTM Warrants
2024-10-23+1,000,000→ 1,000,000 totalExercise: $15.00→ Class A Ordinary Shares, par value $0.0001 (1,000,000 underlying) - Purchase
Class A Ordinary Shares, par value $0.0001
2024-10-23+477,500→ 477,500 total
Footnotes (7)
- [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.