Aldel Financial II Inc. Receives Nasdaq Notice for Low Public Holders

What Happened

• On September 10, 2026, Aldel Financial II Inc. announced it received a written notice from Nasdaq’s Listing Qualifications Staff that it is not in compliance with Nasdaq Listing Rule 5450(a)(2) (the Minimum Public Holders Rule), which requires at least 400 total public holders for continued listing on the Nasdaq Global Market. The notice does not affect the Company’s listing at this time.
• The Company has 45 calendar days (until October 26, 2026) to submit a Compliance Plan to Nasdaq to regain compliance. If Nasdaq accepts the plan, it may grant up to 180 additional days from the notice date for the Company to evidence compliance. If Nasdaq does not accept the plan, the Company can appeal to a Nasdaq Hearings Panel.

Key Details

• Notice date: September 10, 2026; deadline to submit plan: October 26, 2026 (45 days).
• Rule cited: Nasdaq Listing Rule 5450(a)(2) — minimum of 400 total public holders required.
• Possible outcomes: Nasdaq may grant up to a 180-day extension if it accepts a Compliance Plan; if not accepted, the Company may appeal to a Hearings Panel.
• The notice currently does not suspend or delist the Company’s securities.

Why It Matters

• For investors, a Nasdaq notice for insufficient public holders signals a listing compliance risk. If the Company cannot regain or demonstrate compliance, it could face delisting proceedings, which often reduce liquidity and can increase price volatility for the stock.
• The Company said it will monitor holder counts and evaluate options to resolve the deficiency but provided no assurance it will regain compliance. This filing also contains routine forward‑looking statement language noting uncertainty and risks. Investors should watch for updates by October 26, 2026, or any subsequent Nasdaq decisions.