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Nasdaq delists Aldel Financial II; trading suspended Nov 6 as shares move to OTC
ALDFAldel Financial II Inc.
The Nasdaq Stock Market has determined that Aldel Financial II Inc. will be delisted due to non-compliance with Listing Rule 5450(a)(2), following the company's failure to submit a required compliance plan by the deadline. Trading for the company’s ordinary shares, warrants, and units is scheduled to be suspended at the opening of business on November 6, 2026. Concurrently, FINRA has assigned new trading symbols (ALDF, ALDFU, and ALDFW) for the securities to begin quoting in the over-the-counter market effective that same date. The company also disclosed an unsecured promissory note issued to its sponsor for up to $1,000,000 to fund working capital needs until a business combination is consummated. Aldel Financial II Inc. operates as a blank check company in the financial services industry.