On January 23, 2026, Aldabra 4 Liquidity Opportunity Vehicle, Inc., a blank check firm established to facilitate mergers, acquisitions, and other business combinations, concluded its IPO with the issuance of 30,015,000 units at a price of $10.00 apiece. The offering's size was boosted by the full exercise of underwriters' over-allotment option, totaling 3,915,000 additional units. Before accounting for underwriting fees and related expenses, the gross proceeds generated reached approximately $300.15 million.
The units made their market debut on the NASDAQ stock exchange on January 22, 2026, trading under the symbol 'ALOVU'. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant. Every full warrant grants the holder the option to purchase one Class A share at an exercise price of $11.50. Following separation, the Class A shares and the warrants are expected to trade independently under the ticker symbols 'ALOV' and 'ALOVW', respectively.
Cantor Fitzgerald & Co. acted as the sole book-running manager for the transaction, while Ladenburg Thalmann & Co. and The Benchmark Company, LLC served as co-managers. Chardan provided advisory services to Aldabra 4. The registration statement for the securities was declared effective on January 21, 2026.
Aldabra 4’s business model centers on identifying and executing business combinations that may include mergers, acquisitions, share exchanges, asset purchases, or reorganizations with other entities, positioning the firm as a vehicle for consolidation or growth opportunities. The capital raised through this IPO is intended to support these pursuits.
Aldabra 4 Liquidity Opportunity Vehicle, Inc., a special purpose acquisition company (SPAC), completed its initial public offering (IPO) of over 30 million units priced at $10 each, raising gross proceeds exceeding $300 million. The units began trading on NASDAQ under the ticker 'ALOVU' and include Class A shares and redeemable warrants exercisable at $11.50.
Key Points
- Aldabra 4 Liquidity Opportunity Vehicle completed an IPO issuing over 30 million units at $10 each, including an over-allotment exercised fully, generating over $300 million in gross proceeds.
- The units trade on NASDAQ under the symbol 'ALOVU', each consisting of one Class A share and one-third of a redeemable warrant with a $11.50 exercise price.
- The company is a blank check acquisition vehicle designed to execute business combinations such as mergers and acquisitions with target companies after raising capital through the IPO.
Risks
- The success of Aldabra 4 depends on identifying and completing suitable business combinations, which involves execution and market risks inherent in mergers and acquisitions.
- Market volatility and NASDAQ listing dynamics may affect the trading performance of Aldabra 4’s units, shares, and warrants.
- Potential dilution or unfavorable exercise of warrants at $11.50 may impact shareholder value depending on future share price movements.