Here are the 10-Q quarterly reports from American Drive Acquisition Company (ADAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ADAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADAC filings page.
American Drive Acquisition Company, a Cayman Islands-based SPAC, reported results for the quarter ended June 30, 2026. Total assets were $235.3 million, including $234.3 million of marketable securities in the Trust Account and $845,197 of cash outside the trust.
The company generated net income of $1.38 million for the quarter and $2.36 million for the six months, driven by $2.06 million and $4.08 million of interest income on Trust investments, offset by general and administrative expenses. All 23,000,000 Class A public shares are classified as redeemable at $10.18 per share. Management discloses a working capital deficit of $448,137 and states that limited liquidity and the need to complete a business combination by December 19, 2027 raise substantial doubt about the company’s ability to continue as a going concern.
American Drive Acquisition Company reported net income of $970,782 for the quarter ended March 31, 2026, driven by $2,024,440 of interest on funds held in its SPAC trust. General and administrative costs were $1,053,658, reflecting ongoing public-company and deal-search expenses.
The company held $232,253,661 of marketable securities in its Trust Account and cash of $994,167 outside the trust, with a working capital surplus of $205,742. Management discloses substantial doubt about the company’s ability to continue as a going concern if it cannot complete a business combination by December 19, 2027, the end of its completion window.