Plutux
$10.75
-0.09%
2026-09-04 10:15:05 EDT+$0.00
Financial Services
Shell Companies
NASDAQ
Active Trading

Drugs Made In America Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share ...

Price Action

$10.75
+0.00%+$0.00
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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
Sector
Financial Services
Industry
Shell Companies
ROE
2.92%
Market Cap
$0.26B
Current Ratio
0.02
ROIC
91.58%

Contact Information

(954) 870-3099
420 Lexington Avenue, New York, NY 10170

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