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Proceeds from sale of
units, net of...
$226,000,000
Proceeds from sale of
private placements...
$6,000,000
Underwriters' reimbursement
-$184,940
Proceeds from promissory
note - related party
$38,000
Proceeds from issuance of
founder shares
$25,000
Net cash provided by
financing activities
$231,506,115
Canceled cashflow
$741,825
Net change in cash
$1,414,047
Canceled cashflow
$230,092,068
Payment of offering
costs
$639,469
Repayment of promissory
note - related party
$102,356
Net income
$94,700
Accrued expenses
$32,803
Payment of general and
administrative costs through...
$13,000
Net cash used in
investing activities
-$230,000,000
Net cash used in
operating activities
-$92,068
Canceled cashflow
$140,503
Investment of cash in trust
account
$230,000,000
Interest earned on cash
and marketable...
$229,221
Prepaid expenses
$3,350
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Cash Flow
source: myfinsight.com
American Drive Acquisition Co (ADACW)
American Drive Acquisition Co (ADACW)