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

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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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Filings

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Shareholders

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