Aldel Financial II Amends SPAC Trust to Allow Monthly Extensions to Jan 2028 at $50,000 Per Month
Aldel Financial II amended its SPAC trust agreement to allow up to 15 one-month extensions until Jan 2028, with a $50,000 deposit per extension. The change also reduces trust interest for liquidation expenses from $100,000 to $25,000, aiming to provide more time for a business combination. The amendment was signed on Oct 7, 2026.
