We intend to concentrate our efforts on identifying a target business that is exiting the restructuring process or that has transient current ownership, with particular emphasis on businesses that have strong management teams, realigned capital structures, positive cash flows prospects, and a clear and well-defined pathway for growing profitably over the long-term. In addition, we intend to capitalize on the ability of our management team to identify, acquire, and manage a business that is exiting the restructuring process or that has transient current ownership, and which can benefit from their experience and differentiated global network.

Our CEO and board chairman is Robert Kauffman, the founder of Aldel Capital, a private investment firm. He is also a former principal of Fortress Investment Group, which he co-founded in 1998. He previously was a managing director at UBS and, before that, he was a principal at BlackRock Financial Management.

(Note: Aldel Financial priced its SPAC IPO on April 8, 2021, in line with the reduced terms in its amended prospectus: 10 million units at $10 each to raise $100 million. Aldel Financial cut its SPAC IPO in half to 10 million units at $10 each in an S-1/A filing dated March 25, 2021.)