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American Drive Acquisition Company ADAC Net Income
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Where this comes from
Reported directly by American Drive Acquisition Company in its filing.
Tagged under the XBRL concept us-gaap:NetIncomeLoss.
The source filing: American Drive Acquisition Company’s 10-Q, filed May 15, 2026.
- Filed
- May 15, 2026, 4:06 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001104659-26-062510
| Loss from operations | (1,053,658) |
| Other income: | |
| Interest earned on marketable securities held in Trust Account | 2,024,440 |
| Net income | $970,782 |
| Basic and diluted weighted average shares outstanding, Class A ordinary shares | 23,000,000 |
| Basic and diluted net income per share, Class A ordinary shares | $0.03 |
| Basic and diluted weighted average shares outstanding, Class B ordinary shares (1) | 5,750,000 |
| Basic and diluted net income per share, Class B ordinary shares | $0.03 |
Item 1. Interim Financial Statements.
FAQ
- What is American Drive Acquisition Company's net income?
- American Drive Acquisition Company (ADAC) reported net income of $970.78K in Q1 2026.
- What does net income mean?
- The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.
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