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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

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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

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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.