Hagerty and Aldel Financial Announce Merger Agreement for Hagerty to Become a Publicly Traded Company
TRAVERSE CITY, Mich., AUGUST 18, 2021 – Hagerty, an automotive enthusiast brand offering a specialty automotive insurance platform built upon a membership organization for car lovers, and Aldel Financial Inc. (NYSE: ADF) (“Aldel”), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement. Upon the closing of the transaction, Aldel will be renamed Hagerty, Inc., and become publicly traded, with its common stock expected to be listed on the New York Stock Exchange under the ticker HGTY.