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Proceeds from sale ofunits, net of...$226,000,000 Proceeds from sale ofprivate placements...$6,000,000 Underwriters' reimbursement-$184,940 Proceeds from promissorynote - related party$38,000 Proceeds from issuance offounder shares$25,000 Net cash provided byfinancing activities$231,506,115 Canceled cashflow$741,825 Net change in cash$1,414,047 Canceled cashflow$230,092,068 Payment of offeringcosts$639,469 Repayment of promissorynote - related party$102,356 Net income$94,700 Accrued expenses$32,803 Payment of general andadministrative costs through...$13,000 Net cash used ininvesting activities-$230,000,000 Net cash used inoperating activities-$92,068 Canceled cashflow$140,503 Investment of cash in trustaccount$230,000,000 Interest earned on cashand marketable...$229,221 Prepaid expenses$3,350
Cash Flow
source: myfinsight.com

American Drive Acquisition Co (ADACW)

American Drive Acquisition Co (ADACW)