Here are the 10-K annual reports from Aldel Financial II Inc. (ALDF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ALDF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALDF filings page.
Aldel Financial II Inc. is a Cayman Islands-based blank check company formed in July 2024 to complete a merger or similar business combination, primarily targeting financial services businesses in North America. It has no operating business and earns interest on IPO proceeds.
The company completed its IPO on October 23, 2024, selling 23,000,000 units at $10.00 each for gross proceeds of $230,000,000, plus $7,175,000 from private placements. Following the IPO, $231,150,000 was placed in a trust account. As of December 31, 2025, investments and cash in the trust totaled $243,045,615, with a redemption value of about $10.57 per public share, and cash outside the trust was $541,650.
For the year ended December 31, 2025, Aldel Financial II reported net income of $9,225,582, driven by $9,879,114 of investment income on the trust and $653,532 of general and administrative expenses. Public shareholders may redeem their shares in connection with a business combination, while the sponsor and insiders have waived redemption on their founder and private shares. The company has a 24‑month window from the IPO closing to complete an initial business combination, after which it will liquidate the trust and return funds to public shareholders if no deal is completed.