---
title: "SPAC Aldabra 4 Liquidity Opportunity Vehicle prices $261 million IPO"
description: "Aldabra 4 Liquidity Opportunity Vehicle, a SPAC led by Terrapin Partners, has raised $261 million through an IPO, offering 26.1 million units at $10 each. Each unit includes one share of common stock "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/273385730.md"
published_at: "2026-01-22T14:12:10.000Z"
---

# SPAC Aldabra 4 Liquidity Opportunity Vehicle prices $261 million IPO

> Aldabra 4 Liquidity Opportunity Vehicle, a SPAC led by Terrapin Partners, has raised $261 million through an IPO, offering 26.1 million units at $10 each. Each unit includes one share of common stock and one-third of a redeemable warrant. The SPAC, targeting companies valued between $500 million and $2 billion, aims to leverage socio-economic trends and technology advancements. It plans to list on Nasdaq under the symbol ALOVU, with Cantor Fitzgerald as the sole bookrunner.

Aldabra 4 Liquidity Opportunity Vehicle, a blank check company led by executives of investment firm Terrapin Partners, raised $261 million by offering 26.1 million units at $10. Each unit consists of one share of common stock and one-third of one redeemable warrant, exercisable at $11.50 per share.

Aldabra 4 Liquidity Opportunity Vehicle is led by **Chairman Nathan Leight**, the senior managing member of Terrapin Partners, the Chairman and CIO of Terrapin Asset Management, and Chairman of Terrapin Lending. He is joined by **CEO and Director Neal Yanofsky**, the former President of the International Business Division at Dunkin' Brands, and **CFO Irina O'Berry**, the CFO of Terrapin Partners, Terrapin Asset Management, and TICO Management.

The SPAC plans to target companies with an enterprise value between $500 million and $2 billion, that would benefit from global and regional socio-economic and demographic trends, and that benefit from new technology or providing technology products or services, among other characteristics.

Terrapin's previous SPAC combined with Yatra Online (YTRA), an international online travel agency, in 2016.

Aldabra 4 Liquidity Opportunity Vehicle plans to list on the Nasdaq under the symbol ALOVU. Cantor Fitzgerald acted as sole bookrunner on the deal.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.