American Drive Acquisition

Operating predictability is non-existent. The only predictable element is the redemption value anchored to cash and T‑bill interest inside the trust, which accrues over time until a deal or liquidation.

As of March 31, 2026, the trust held $232.25 million and the balance sheet recorded $232.05 million of redeemable Class A shares, implying about $10.09 per share at that date. This provides a floor but not compounding earnings streams.