The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 970,782 | 126,029 | -31,329 |
| Payment of general and administrative costs through promissory note - related party | - | 13,000 | - |
| Interest earned on marketable securities held in trust account | 2,024,440 | 229,221 | - |
| Prepaid expenses | 91,477 | 3,350 | - |
| Prepaid insurance | 67,838 | - | - |
| Long-term prepaid insurance | 48,325 | - | - |
| Due to sponsor | -1,869 | - | - |
| Accrued expenses | - | 13,890 | 18,913 |
| Accounts payable and accrued expenses | 843,287 | - | - |
| Net cash used in operating activities | -419,880 | -79,652 | -12,416 |
| Investment of cash in trust account | - | 230,000,000 | - |
| Net cash used in investing activities | - | -230,000,000 | - |
| Proceeds from sale of units, net of underwriting discounts paid | - | 226,000,000 | - |
| Proceeds from issuance of founder shares | - | 0 | 25,000 |
| Underwriters' reimbursement | - | -184,940 | - |
| Proceeds from sale of private placements warrants | - | 6,000,000 | - |
| Proceeds from promissory note - related party | - | 0 | 38,000 |
| Repayment of promissory note - related party | - | 102,356 | - |
| Payment of offering costs | - | 590,758 | 48,711 |
| Net cash provided by financing activities | - | 231,491,826 | 14,289 |
| Net change in cash | -419,880 | 1,412,174 | 1,873 |
| Cash - beginning of period | 1,414,047 | - | 0 |
| Cash - end of period | 994,167 | 1,414,047 | 1,873 |
American Drive Acquisition Co (ADAC)
American Drive Acquisition Co (ADAC)