The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 94,700 |
| Payment of general and administrative costs through promissory note - related party | 13,000 |
| Interest earned on cash and marketable securities held in trust account | 229,221 |
| Prepaid expenses | 3,350 |
| Accrued expenses | 32,803 |
| Net cash used in operating activities | -92,068 |
| 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 | 25,000 |
| Underwriters' reimbursement | -184,940 |
| Proceeds from sale of private placements warrants | 6,000,000 |
| Proceeds from promissory note - related party | 38,000 |
| Repayment of promissory note - related party | 102,356 |
| Payment of offering costs | 639,469 |
| Net cash provided by financing activities | 231,506,115 |
| Net change in cash | 1,414,047 |
| Cash - end of period | 1,414,047 |
American Drive Acquisition Co (ADACW)
American Drive Acquisition Co (ADACW)