Sec Form 13G Filing - WALTON S ROBSON filing for Hagerty Inc. (HGTY) - 2021-04-19

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CUSIP No. 01407X203

Page 2 of 6 pages

 

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Item 1(a).

Name of Issuer:

 Aldel Financial Inc.

 

Item 1(b).

Address of Issuer's Principal Executive Offices:

 105 S. Maple Street, Itasca, Illinois 60143

Item 2(a).

Name of Person Filing:

 S. Robson Walton

Item 2(b).

Address of Principal Business Office or, if none, Residence:

PO Box 1860, Bentonville, AR 72716-0105

Item 2(c).

Citizenship:

 United States

Item 2(d).

Title of Class of Securities:

Item 2(e).

CUSIP Number:

 01407X203

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Item 3.

If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or

240.13d-2(b) or (c), Check Whether the Person Filing Is a(n):

Not applicable

(a)

☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

(b)

☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

☐ Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);

(f)

☐ Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);

(g)

☐ Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);

(h)

☐ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

☐ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

☐ A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J);

(k)

☐ Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________ .

 

Item 4.

Ownership.

The reporting person beneficially owns 1,000,000 Units, with each Unit consisting of one share of Class A Common Stock, $0.0001 par value, and one-half of one redeemable warrant to purchase Class A Common Stock, $0.0001 par value that were purchased in the initial public offering.  The amount of Class A Common Stock reported above excludes the rights to receive shares (“Rights”) and warrants to purchase shares (“Warrants”), if any, underlying any Units and/or held directly by the Reporting Person, because the Reporting Person does not have the right to acquire the shares underlying the Rights or Warrants within 60 days. There were 12,050,000 shares outstanding as of April 12, 2021, according to the Issuer’s Form 8-K, filed on April 12, 2021.  The shares reported above are held of record by Lake Avenue Investments, LLC, over which Mr. Walton exercises sole investment power.

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Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

Not applicable.

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person.

Not applicable.
 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 Not applicable.

Item 8.

Identification and Classification of Members of the Group.

 Not applicable.

Item 9.

Notice of Dissolution of Group.

 Not applicable.

 

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