SCHEDULE 13G 0001578621 XXXXXXXX LIVE Class A Ordinary Shares, par value $0.0001 per share 03/31/2025 0002031561 Aldel Financial II Inc. G01558108 104 S. Walnut Street, Unit 1A Itasca IL 60143 Rule 13d-1(b) LMR Partners LLP X0 0 1200000 0 1200000 1200000 N 5.1 IA PN LMR PARTNERS Ltd K3 0 1200000 0 1200000 1200000 N 5.1 CO IA LMR Partners LLC DE 0 1200000 0 1200000 1200000 N 5.1 IA OO LMR Partners AG V8 0 1200000 0 1200000 1200000 N 5.1 CO IA LMR PARTNERS (DIFC) Ltd C0 0 1200000 0 1200000 1200000 N 5.1 CO IA LMR Partners (Ireland) Limited L2 0 1200000 0 1200000 1200000 N 5.1 CO IA Ben Levine X0 0 1200000 0 1200000 1200000 N 5.1 IN HC Stefan Renold V8 0 1200000 0 1200000 1200000 N 5.1 IN HC Aldel Financial II Inc. 104 S. Walnut Street, Unit 1A, Itasca, Illinois, 60143 This statement is filed by: (i) LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited (collectively, the "LMR Investment Managers"), which serve as the investment managers to certain funds with respect to the shares of Class A Ordinary Shares, par value $0.0001 per share ("Class A Ordinary Shares"), held by certain funds; and (ii) Ben Levine and Stefan Renold, who are ultimately in control of the investment and voting decisions of the LMR Investment Managers with respect to the securities held by certain funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The address of the principal business office of each of the Reporting Persons is c/o LMR Partners LLP, 9th Floor, Devonshire House, 1 Mayfair Place, London, W1J 8AJ, United Kingdom. LMR Partners LLP is a United Kingdom limited liability partnership. LMR Partners Limited is a Hong Kong corporation. LMR Partners LLC is a Delaware limited liability company. LMR Partners AG is a Swiss corporation. LMR Partners (DIFC) Limited is a United Arab Emirates corporation. LMR Partners (Ireland) Limited is a limited company incorporated in Ireland. Ben Levine is a citizen of the United Kingdom. Stefan Renold is a citizen of Switzerland. N FI IA HC Investment Adviser The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference. As of March 31, 2025: The Class A Ordinary Shares beneficially owned by the Reporting Persons are directly held by LMR Multi-Strategy Master Fund Limited ("LMR Master Fund") and LMR CCSA Master Fund Ltd ("LMR CCSA Master Fund"). Each of LMR Master Fund and LMR CCSA Master Fund directly hold 600,000 Class A Ordinary Shares, with a total of 1,200,000 Class A Ordinary Shares in the aggregate (the "LMR Shares"). In addition to the LMR Shares, each of LMR Master Fund and LMR CCSA Master Fund also directly holds warrants to purchase 300,000 Class A Ordinary Shares ("Warrants"). The Warrants have an exercise price of $11.50 per Class A Ordinary Share and are exercisable 30 days after the completion of the Issuer's initial business combination, and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or the Issuer's liquidation. As of March 31, 2025: The Class A Ordinary Shares held by each of LMR Master Fund and LMR CCSA Master Fund represent approximately 2.5% and the LMR Shares in the aggregate represent approximately 5.1% of the outstanding Class A Ordinary Shares, based on 23,707,500 Class A Ordinary Shares of the Issuer outstanding as of March 31, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on May 2, 2025. As of March 31, 2025, each of the Reporting Persons had sole power to vote or direct the vote of 0 shares of Class A Ordinary Shares. As of March 31, 2025, each of the Reporting Persons had shared power to vote or direct the vote of 1,200,000 shares of Class A Ordinary Shares. As of March 31, 2025, each of the Reporting Persons had sole power to dispose or to direct the disposition of 0 shares of Class A Ordinary Shares. As of March 31, 2025, each of the Reporting Persons had shared power to dispose or to direct the disposition of 1,200,000 shares of Class A Ordinary Shares. Y N The securities beneficially owned by the Reporting Persons are directly held by LMR Master Fund and LMR CCSA Master Fund, for which the LMR Investment Managers serve as the investment managers. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to LMR Partners LLP, LMR Partners Limited, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. LMR Partners LLP /s/ Shane Cullinane 05/15/2025 LMR PARTNERS Ltd /s/ Shane Cullinane 05/15/2025 LMR Partners LLC /s/ Allyson Hanlon 05/15/2025 LMR Partners AG /s/ Shane Cullinane 05/15/2025 LMR PARTNERS (DIFC) Ltd /s/ Shane Cullinane 05/15/2025 LMR Partners (Ireland) Limited /s/ Shane Cullinane 05/15/2025 Ben Levine /s/ Ben Levine 05/15/2025 Stefan Renold /s/ Stefan Renold 05/15/2025