$ADACW
American Drive Acquisition Co
CIK:0002083002|SEC Filings
CONDENSED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2026 |
|||
| General and administrative fees | $ 670,838 | $ 1,724,496 | ||
| Loss from operations | (670,838) | (1,724,496) | ||
| Other income: | ||||
| Interest earned on marketable securities held in Trust Account | 2,055,776 | 4,080,216 | ||
| Net income | $ 1,384,938 | $ 2,355,720 | ||
| Class A ordinary shares | ||||
| Other income: | ||||
| Basic weighted average ordinary shares outstanding | 23,000,000 | 23,000,000 | ||
| Diluted weighted average ordinary shares outstanding | 23,000,000 | 23,000,000 | ||
| Basic net income per ordinary share | $ 0.05 | $ 0.08 | ||
| Diluted net income per ordinary share | $ 0.05 | $ 0.08 | ||
| Class B ordinary shares | ||||
| Other income: | ||||
| Basic weighted average ordinary shares outstanding | [1] | 5,750,000 | 5,750,000 | |
| Diluted weighted average ordinary shares outstanding | 5,750,000 | 5,750,000 | ||
| Basic net income per ordinary share | $ 0.05 | $ 0.08 | ||
| Diluted net income per ordinary share | $ 0.05 | $ 0.08 | ||
| ||||
CONDENSED STATEMENT OF CASH FLOWS - USD ($) |
3 Months Ended | 6 Months Ended |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2026 |
|
| Cash Flows from Operating Activities: | ||
| Net income | $ 2,355,720 | |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Interest earned on marketable securities held in Trust Account | $ (2,055,776) | (4,080,216) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (63,529) | |
| Prepaid insurance | (67,838) | |
| Long-term prepaid insurance | (31,366) | |
| Due to Sponsor | (1,869) | |
| Accounts payable and accrued expenses | 1,320,248 | |
| Net cash used in operating activities | (568,850) | |
| Net Change in Cash | (568,850) | |
| Cash - Beginning of period | 1,414,047 | |
| Cash - End of period | $ 845,197 | $ 845,197 |