Aldel Financial Inc.
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $115.00M |
|---|---|
| IPO Date | Apr 9, 2021 |
| CEO | Robert I. Kauffman |
| Left Lead | ThinkEquity |
| IPO Cash in Trust | 101.0% |
| SPAC Tenor | 24 months |
| IPO Sector |
General
Companies exiting the restructuring process, or businesses that have transient current ownership |
| IPO Geography | Global |
| Target Company | Hagerty |
| Deal Announced | Aug 18, 2021 |
| Deal Size, $M | $3,134.00M |
| Deal Sector | Financial |
| Deal Geography | US/Canada |
| SEC Filings | www.sec.gov |
| Approval Vote | Dec 1, 2021 |
| Amendment Vote | TBD |
| Closing Date | Dec 2, 2021 |
Formerly ADF
HGTY
HGTY/W
| Price | $11.13 |
|---|---|
| Last closing price | $11.21 |
| H/L, 52-week | $7.52 / $10.42 |
| Volume, today | 54,250 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 5 directors & officers
- 17 filings and events
- 5 underwriters
- 5 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Robert I. Kauffman | 57 | Chief Executive Officer and Nominee for Chairman of the Board of Directors |
| Hassan R. Baqar | 43 | Director and Chief Financial Officer |
| D. Kyle Cerminara | 43 | Director |
| Martin S. Friedman | 52 | Director |
| Charles E. Nearburg | 70 | Director |
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Advisors
Underwriters
| ThinkEquity | BR | 7,000,000 | units |
| Bancroft | 1,000,000 | ||
| ViewTrade Securities | 1,000,000 | ||
| Ingalls & Snyder | 500,000 | ||
| R.F. Lafferty | 500,000 | ||
| 10,000,000 | units | ||
| Up-Front UW fee | 0.87 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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