Drugs Made In America Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share ...
Drugs Made In America Acquisition Corp. (DMAA) is a newly formed blank check company, incorporated in the Cayman Islands and headquartered in New York, NY. The company was founded on May 23, 2024, and is led by CEO Lynn Stockwell, who also serves as Executive Chair of the Board and ...Drugs Made In America Acquisition Corp. (DMAA) is a newly formed blank check company, incorporated in the Cayman Islands and headquartered in New York, NY. The company was founded on May 23, 2024, and is led by CEO Lynn Stockwell, who also serves as Executive Chair of the Board and is the founder of Bright Green Corp. (NASDAQ: BGXX), a company focused on the production of pharmaceutical-grade cannabis. DMAA was created with the purpose of identifying and completing a business combination, such as a merger, share exchange, or asset acquisition, with one or more businesses, with a particular interest in the pharmaceutical sector.
As a special purpose acquisition company (SPAC), DMAA does not have significant operations and has generated no revenue to date. The company raised funds through its initial public offering (IPO) on January 27, 2025, issuing units consisting of one ordinary share and one right to receive one-tenth of an ordinary share upon the consummation of an initial business combination. The company's market capitalization is approximately $259.9 million, with a stock price of around $10.70 as of the latest data. The company has minimal employees, with only two full-time employees, and its operations are primarily focused on evaluating potential acquisition targets.
Financially, DMAA is in the early stages of its lifecycle, with revenues and profitability metrics at zero, which is typical for a SPAC. The company's financial position is characterized by a high current ratio of 0.03, indicating limited liquidity, and a negative working capital of $477,282, which is common for SPACs as they rely on funds held in trust. The company holds tangible assets of approximately $234.6 million, primarily from IPO proceeds held in trust, and has no debt, as evidenced by a debt-to-equity ratio of 0.0. The company's book value per share is $10.20, reflecting the trust account balance. The enterprise value is approximately $260 million, with negative EV/EBITDA due to lack of earnings.
DMAA is traded on NASDAQ Global Select under the symbol DMAA. The company's management, led by CEO Lynn Stockwell, brings experience in the pharmaceutical and cannabis industries. The company's stated goal is to source and evaluate companies focused on the pharmaceutical sector, aiming to complete a business combination within the typical SPAC timeframe. As of now, DMAA has not announced any target acquisition, so investors should be aware of the inherent risks associated with SPAC investments, including the possibility of liquidation if no deal is completed. Despite the lack of operational activities, DMAA's positioning in the pharmaceutical sector and its experienced leadership may make it an attractive vehicle for companies seeking to go public.
Founded
2024
Employees
2
CEO
Roger Bendelac
Full Name
Drugs Made In America Acquisition Corp. Ordinary Shares
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$5.9M
+1240317.7%
-12.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-539187
-182675.3%
-168.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
+100.0%
+1518.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.03x
-99.5%
-22.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.