American Drive Acquisition Company ADAC General And Administrative Expense Paid Through Related Party Promissory Note

General And Administrative Expense Paid Through Related Party Promissory Note at other companies

Republic Digital Acquisition Company Class A Ordinary SharesRDAG

$65.93K—

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Stellar V Capital Corp. Class A Ordinary SharesSVCC

-$583—

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Stellar V Capital Corp. Class A Ordinary SharesSVCC

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XSL

Xsolla XSLL

$46.95K—

Legacy ReservesLGCY

$61.25K+31.7%

XSL

Xsolla XSLL

$4.67K—

Operating income-$1.1M—

Net income$970.8K—

EPS (diluted)$0.03—

Cash & equivalents$994.2K—

Total equity-$9.3M—

Total assets$233.5M—

Operating cash flow-$419.9K—

Market cap$288.08M+2.0%

Current ratio1.2×—

Reported directly by American Drive Acquisition Company in its filing.

Tagged under the XBRL concept adac:GeneralAndAdministrativeExpensePaidThroughRelatedPartyPromissoryNote.

The official record: American Drive Acquisition Company ’s 10-K, filed March 31, 2026, on SEC EDGAR. View the filing →

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What is American Drive Acquisition Company 's general and administrative expense paid through related party promissory note?: American Drive Acquisition Company (ADAC) reported general and administrative expense paid through related party promissory note of $13K in Q4 2025.
What does general and administrative expense paid through related party promissory note mean?: Represents operating expenses settled via promissory notes issued to related parties rather than cash. This metric highlights the company's reliance on sponsor or affiliate financing to cover day-to-day administrative costs during the pre-merger phase.