Financial Performance - The company reported a net loss of $31,329 for the period from July 15, 2025, through September 30, 2025, primarily due to general and administrative costs [111]. - The company incurred net cash used in operating activities of $12,416 during the reporting period [115]. - The company does not expect to generate operating revenues until after the completion of its Business Combination [110]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on December 19, 2025, raising gross proceeds of $230,000,000 from the sale of 23,000,000 Units at $10.00 per Unit [113]. - An additional 4,000,000 Private Placement Warrants were sold at $1.50 per warrant, generating gross proceeds of $6,000,000 [113]. - Total transaction costs incurred during the Initial Public Offering amounted to $14,382,754, including $3,815,060 in cash underwriting fees [114]. - The underwriters received a cash underwriting discount of $4,000,000 upon the closing of the Initial Public Offering, with a deferred underwriting discount of $9,800,000 payable upon the completion of the initial Business Combination [123]. Future Financing and Use of Funds - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital [116]. - The company may need additional financing to complete its Business Combination or to address potential redemptions of public shares [119]. - The company has no off-balance sheet arrangements or long-term liabilities as of September 30, 2025 [120].
American Dynamism Acquisition Co(ADACU) - 2025 Q3 - Quarterly Report