Recent Updates — ALDF

Aldel Financial II Inc.'s board received a notice from Sponsor Aldel Investors II LLC that, effective October 5, 2026, the Sponsor will convert all but one of its Class B ordinary shares into Class A ordinary shares on a one-for-one basis. Other Class B holders are also converting their shares on this date, waiving rights to trust account funds for these converted shares. Post-conversion, outstanding shares will consist of 29,868,213 Class A Shares and one remaining Class B Share held by the Sponsor. The Converted Class A Shares retain existing transfer restrictions. Aldel Financial II Inc. operates as a blank check company in the financial services industry.

Aldel Financial II Inc. received a notice from Nasdaq on September 10, 2026, stating it is not in compliance with Listing Rule 5450(a)(2), the Minimum Public Holders Rule, which requires maintaining at least 400 total holders. The company has until October 26, 2026, to submit a Compliance Plan to regain compliance. If Nasdaq accepts the plan, an extension of up to 180 days may be granted; otherwise, the company faces potential delisting and an appeal process. This filing highlights significant regulatory risk regarding the company's continued listing status on the Nasdaq Global Market. Aldel Financial II Inc. operates as a blank check company in the financial services industry.