ADF SEC filings, in plain English
Everything Aldel Financial Inc. has filed with the SEC that we hold — 40 filings, newest first, 4 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
What changed: Exhibit 99.2 to an 8-K of Hagerty, Inc. (NYSE: HGTY): the August 5, 2026 press release reporting Q2 and first-half 2026 results. Written premium rose 19% to $425 million in the quarter and 19% to $713 million for the half; Hagerty Re earned premium rose 42% to $252 million and $492 million, which the company attributes to the Markel Fronting Arrangement raising Hagerty Re's U.S. quota share from 80% to 100% including in-force policies written in 2025. Policies in force rose 19% to 1.9 million with retention of 88.2% against 88.7%, and 279,000 new members were added in the half. Why it matters: Reported revenue falls while premium grows because the Markel arrangement moves the economics from commission income to assumed premium and eliminates $247 million of intercompany commission in the half — a presentation change, not a business decline. The $153 million of first-half transitional costs is what turns a growing book into a reported net loss.
What changed: Q2 2026 10-Q of Hagerty, Inc. (NYSE: HGTY), with 102,070,523 Class A and 241,552,156 Class V shares outstanding as of July 24, 2026. Why it matters: The company states that Hagerty Re now assumes 100% of the risk on policies written through the Markel arrangement, which moves underwriting risk onto its own balance sheet. This summary is drawn from the cover page and cautionary statement; the financial statements are not covered here.
What changed: Hagerty, Inc., the Aldel Financial successor, filed an amended and restated employment agreement, effective July 15, 2026, between Hagerty Inc. and its subsidiary Hagerty Management, LLC and McKeel O Hagerty as Chief Executive Officer. It amends and supersedes in its entirety the employment agreement effective January 1, 2018 as amended on March 10, 2023. The agreement runs for the term of employment, preserves specified provisions after termination, allows termination under its Sections 4 and 5, and provides severance pay under Section 7 where the termination circumstances qualify. Why it matters: No trust, redemption right or deadline is affected — this is ordinary executive contracting at a de-SPAC. The point of interest is continuity: the founder-CEO's terms are being reset for the first time in over three years, which usually accompanies a new compensation or retention package rather than a departure, since the agreement expressly contemplates his continuing service. The severance economics that matter to a shareholder sit in Section 7 of the agreement rather than in the captured text.
What changed: Hagerty, Inc. (successor to SPAC Aldel Financial) called its 2026 annual meeting for Tuesday, June 9, 2026 at 11:00 a.m. ET by live webcast, record date April 10, 2026, when about 101,792,016 Class A shares, 241,552,156 Class V shares and 8,483,561 Series A Convertible Preferred shares were outstanding. Class A carries one vote per share, Class V ten votes per share. On April 15, 2026 the company announced Michael Heaton resigned effective April 13, 2026 and that Markel Group exercised its Investor Rights Agreement right to nominate Henrik Bjornstad. Why it matters: Routine annual governance, but the voting math is the point for public holders: 241.6 million Class V shares at ten votes each control roughly 2.4 billion votes against about 101.8 million votes from Class A, so the Class A float holds around 4% of voting power and the annual election is effectively decided by the insider class. Markel's contractual right to name a director, exercised in April 2026, further allocates board seats outside the shareholder vote. The 8.5 million convertible preferred shares add a senior claim above Class A.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.