Filing Details
- Accession Number:
- 0001104659-21-067158
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2021-05-14 21:50:55
- Reporting Period:
- 2021-04-09
- Accepted Time:
- 2021-05-14 21:50:55
- Original Submission Date:
- 2021-04-14
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1840776 | Aldel Financial Inc. | ADF | () | 4/A |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1124462 | I Robert Kauffman | C/O Aldel Financial Inc., 105 S. Maple Street Itasca IL 60143 | Chief Executive Officer | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, Par Value $0.0001 | Acquisiton | 2021-04-09 | 1,500,000 | $0.00 | 1,500,000 | No | 4 | P | Indirect | Held by Aldel LLC |
| Class A Common Stock, Par Value $0.0001 | Acquisiton | 2021-04-12 | 515,000 | $0.00 | 515,000 | No | 4 | P | Indirect | Held by Aldel Investors LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | Held by Aldel LLC |
| No | 4 | P | Indirect | Held by Aldel Investors LLC |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock, Par Value $0.0001 | Warrant | Acquisiton | 2021-04-09 | 750,000 | $0.00 | 750,000 | $11.50 |
| Class A Common Stock, Par Value $0.0001 | Warrant | Acquisiton | 2021-04-12 | 257,500 | $0.00 | 257,500 | $11.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 750,000 | No | 4 | P | Indirect | ||
| 257,500 | No | 4 | P | Indirect |
Footnotes
- The shares of Class A common stock are held as part of the public units ("Public Units") of Aldel Financial Inc. (the "Company"), with each Public Unit consisting of one share of Class A common stock, par value $0.0001 per share ("Common Stock") and one-half of one warrant to purchase one share of Common Stock at an exercise price of $11.50 per share (the "Warrants").
- The Public Units and Private Units were purchased for $10.00 per unit.
- Held by Aldel LLC. Mr. Kauffman is the manager of Aldel LLC and has voting and investment discretion with respect to the shares of common stock held of record by Aldel LLC. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- Simultaneously with the consummation of the Company's initial public offering, Aldel Investors LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 515,000 units (the "Private Units") in a private placement for an aggregate purchase price of $5,150,000. Each Private Unit consists of one share of Common Stock and one-half of one Warrant.
- Held by the Sponsor. Mr. Kauffman is a manager of the Sponsor and has voting and investment discretion with respect to the shares of common stock held of record by the Sponsor. Mr. Kauffman disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- The Warrants included in the Public Units and the Private Units will become exercisable at any time commencing on the later of (a) 12 months from April 12, 2021, the closing date of the Company's initial public offering, or (b) 30 days after the completion of the Company's initial business combination.
- The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
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