For the quarter ending 2026-03-31, ADAC has $233,458,818 in assets. $10,751,090 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | |
|---|---|---|---|---|
| Cash | 994,167 | 1,414,047 | 1,873 | |
| Prepaid expenses | 94,827 | 3,350 | - | |
| Prepaid insurance | 67,838 | - | - | |
| Total current assets | 1,156,832 | 1,417,397 | 1,873 | |
| Long-term prepaid insurance | 48,325 | - | - | |
| Deferred offering costs | - | - | 122,736 | |
| Marketable securities held in trust account | 232,253,661 | 230,229,221 | - | |
| Total assets | 233,458,818 | 231,646,618 | 124,609 | |
| Accrued expenses | - | 32,803 | 18,913 | |
| Accounts payable and accrued expenses | 876,090 | - | - | |
| Accrued offering costs | 75,000 | 75,000 | 74,025 | |
| Due to sponsor | - | 1,869 | 38,000 | |
| Total current liabilities | 951,090 | 109,672 | 130,938 | |
| Deferred underwriting fee | 9,800,000 | 9,800,000 | - | |
| Total liabilities | 10,751,090 | 9,909,672 | - | |
| Class a ordinary shares subject to possible redemption, 0.0001 par value 23,000,000 shares at redemption value of 10.09 and 10.00 per share as of march 31, 2026 and december 31, 2025, respectively | 232,053,661 | 230,029,221 | - | |
| Ordinary shares | 575 | 575 | 575 | |
| Additional paid-in capital | - | - | 24,425 | |
| Accumulated deficit | -9,346,508 | -8,292,850 | -31,329 | |
| Total shareholders' deficit | -9,345,933 | -8,292,275 | -6,329 | |
| Total liabilities, class a ordinary shares subject to possible redemption, and shareholders' deficit | 233,458,818 | 231,646,618 | 124,609 | |
American Drive Acquisition Co (ADAC)
American Drive Acquisition Co (ADAC)