What changed: Hudson Bay Capital Management LP and Sander Gerber report owning Class A shares of Aldel Financial II equal to 1,450,000 shares, representing 4.85% of the Class A shares outstanding.
How it's held: The shares are held in the name of HB Strategies LLC, for which Hudson Bay acts as investment manager. The filing states the Investment Manager may be deemed the beneficial owner while Mr. Gerber, though a managing member of the related general partner, disclaims beneficial ownership.
Why it matters: This disclosure gives investors visibility into a near-5% position and clarifies voting and disposition arrangements: the reporting parties show shared voting and shared dispositive power over the 1,450,000 shares. The filing also certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control.