American Drive Acquisition posts Q2 FY26 net income of $1.38 million

Cash fell to $845,197 as of June 30, 2026, while working capital swung to a deficit of $448,137.

Marketable securities in the Trust Account increased to $234.31 million, invested in U.S. Treasury bills with maturities of 185 days or less.

American Drive Acquisition posted net income of $1.38 million for the quarter ended June 30, 2026.

Interest earned on marketable securities and cash in the Trust Account totaled $2.06 million, offset by $670,838 in general and administrative costs.

For the six months ended June 30, 2026, net income rose to $2.36 million, reflecting $4.08 million of Trust Account interest against $1.72 million of general and administrative costs.