Stock Markets January 21, 2026

Aldabra 4 Liquidity Opportunity Vehicle Inc. Prices IPO at $10 per Unit Raising $261 Million

Blank check company initiates trading on Nasdaq with plans for separate stock and warrant listings following IPO closure

By Nina Shah ALOVU ALOV ALOVW
Aldabra 4 Liquidity Opportunity Vehicle Inc. Prices IPO at $10 per Unit Raising $261 Million
ALOVU ALOV ALOVW

Aldabra 4 Liquidity Opportunity Vehicle Inc. successfully priced its initial public offering (IPO) on January 21, 2026, selling 26.1 million units at $10 each to raise $261 million. As a blank check company, Aldabra 4 intends to pursue a merger or acquisition to build its business portfolio. Trading began on the Nasdaq Global Market the following day under the symbol 'ALOVU'. Separate listings for its Class A ordinary shares and warrants are planned after the units start trading independently. The offering was supported by Cantor Fitzgerald & Co. as sole book-running manager, with Ladenburg Thalmann & Co. and The Benchmark Company, LLC as co-managers.

Key Points

  • Aldabra 4 priced its IPO at $10 per unit, raising $261 million through the sale of 26.1 million units.
  • Trading began on the Nasdaq Global Market under the ticker symbol 'ALOVU' with plans for separate listings for Class A ordinary shares and warrants.
  • Cantor Fitzgerald & Co. led the offering as sole book-running manager, with additional support from Ladenburg Thalmann & Co. and The Benchmark Company, LLC.

Aldabra 4 Liquidity Opportunity Vehicle Inc. announced on January 21, 2026, that it has priced its initial public offering of 26.1 million units at $10 per unit, resulting in total gross proceeds of $261 million.

The company, operating as a blank check entity, aims to leverage these funds to execute a variety of potential business combinations, such as mergers, amalgamations, share exchanges, asset acquisitions, or reorganizations with one or more businesses or entities.

The units are scheduled to commence trading on the Nasdaq Global Market on January 22, 2026, under the ticker symbol "ALOVU." Each unit comprises one Class A ordinary share and one-third of a redeemable warrant. Holders of one full warrant will have the right to purchase one Class A ordinary share for $11.50 per share, subject to adjustments.

Following the start of separate trading of the units' component securities, Aldabra 4 expects that its Class A ordinary shares and warrants will be listed individually on Nasdaq under the symbols "ALOV" and "ALOVW," respectively.

The closing of the offering is anticipated for January 23, 2026, contingent upon customary closing conditions.

Cantor Fitzgerald & Co. is acting as the sole book-running manager of this offering, supported by co-managers Ladenburg Thalmann & Co. and The Benchmark Company, LLC. Additionally, underwriters have been granted a 45-day option to purchase up to 3.9 million additional units at the initial offering price to cover any over-allotments.

Chardan is serving as an advisor to Aldabra 4 throughout this process.

The company’s registration statement related to these securities became effective on January 21, 2026.

Risks

  • As a blank check company, Aldabra 4 has not identified a specific business target, presenting uncertainty about future business combination success.
  • The offering's closing is subject to customary conditions, which may delay or affect the transaction's completion.
  • Dependence on the exercise of warrants by holders involves market risk related to the stock price at the specified purchase price.

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