Aldabra 4 SPAC Raises $300.15M in NASDAQ IPO Debut

Aldabra 4 Closes $300.15 Million Initial Public Offering

Aldabra 4 Liquidity Opportunity Vehicle, Inc., a special purpose acquisition company, has successfully completed its initial public offering on the NASDAQ exchange, raising gross proceeds of $300.15 million. The transaction closed on January 23, 2026, positioning the company to seek a future business combination.

Offering and Trading Details

The company sold 30,015,000 units at a price of $10.00 per unit. This total includes the full exercise of the underwriters’ over-allotment option, which accounted for 3,915,000 units. The units commenced trading on NASDAQ under the ticker symbol "ALOVU" on January 22, 2026.

Each unit consists of one Class A ordinary share and one-third of a redeemable warrant. A whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50. Upon separation, the shares and warrants are expected to trade under the symbols "ALOV" and "ALOVW," respectively.

Company's Strategic Objective

As a blank check company, Aldabra 4 was established to effect a merger, capital stock exchange, asset acquisition, or similar business combination with one or more businesses. Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering, with Ladenburg Thalmann & Co. and The Benchmark Company, LLC serving as co-managers.

Future Outlook

With the IPO funds now secured, Aldabra 4 will commence its search for a suitable private company to take public through a merger. Market participants will be monitoring for announcements regarding a potential acquisition target.

FAQ

Q: How much did Aldabra 4 raise in its IPO?
A: The company generated gross proceeds of $300.15 million before underwriting fees and other expenses.

Q: What is the ticker symbol for Aldabra 4 units?
A: The units are trading on the NASDAQ under the ticker symbol "ALOVU".

Q: What is the primary goal of Aldabra 4?
A: The company's goal is to identify and complete a business combination, such as a merger or acquisition, with another entity.

Source: Investing.com