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Balance Sheets Overview

Current Ratio
68.62%
Quick Ratio
68.62%
Debt to Asset Ratio
4.77%
Unit: Dollar
Assets Breakdown
    • Marketable securities held in tr...
    • Cash
    • Prepaid insurance
    • Others
Liabilities Breakdown
    • Class a ordinary shares subject ...
    • Accumulated deficit
    • Deferred underwriting fee
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash
845,197
994,167
1,414,047
1,873
Prepaid expenses
66,879
94,827
3,350
-
Prepaid insurance
67,838
67,838
-
-
Total current assets
979,914
1,156,832
1,417,397
1,873
Long-term prepaid insurance
31,366
48,325
-
-
Deferred offering costs
-
-
-
122,736
Marketable securities held in trust account
234,309,437
232,253,661
230,229,221
-
Total assets
235,320,717
233,458,818
231,646,618
124,609
Accrued expenses
-
-
32,803
18,913
Accounts payable and accrued expenses
1,353,051
876,090
-
-
Accrued offering costs
75,000
75,000
75,000
74,025
Due to sponsor
-
-
1,869
38,000
Total current liabilities
1,428,051
951,090
109,672
130,938
Deferred underwriting fee
9,800,000
9,800,000
9,800,000
-
Total liabilities
11,228,051
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
-
Class a ordinary shares subject to possible redemption, 0.0001 par value 23,000,000 shares at redemption value of 10.18 and 10.00 per share as of june 30, 2026 and december 31, 2025, respectively
234,109,437
-
-
-
Ordinary shares
575
575
575
575
Additional paid-in capital
-
-
-
24,425
Accumulated deficit
-10,017,346
-9,346,508
-8,292,850
-31,329
Total shareholders' deficit
-10,016,771
-9,345,933
-8,292,275
-6,329
Total liabilities, class a ordinary shares subject to possible redemption, and shareholders' deficit
235,320,717
233,458,818
231,646,618
124,609
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Cash$845,197 Prepaid insurance$67,838 Prepaid expenses$66,879 Marketable securities heldin trust account$234,309,437 Total current assets$979,914 Long-term prepaidinsurance$31,366 Total assets$235,320,717 Accumulated deficit-$10,017,346 Total liabilities,class a ordinary...$235,320,717 Total shareholders'deficit-$10,016,771 Ordinary shares$575 Class a ordinaryshares subject to...$234,109,437 Total liabilities$11,228,051 Deferred underwritingfee$9,800,000 Total currentliabilities$1,428,051 Accounts payable andaccrued expenses$1,353,051 Accrued offering costs$75,000

American Drive Acquisition Co (ADAC)

American Drive Acquisition Co (ADAC)