Company: DMAAR
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112096
Chunk: 91

Company: Drugs Made In America Acquisition Corp.
Filing Date: 2025-11-18
Form: 10-Q
Item: Part I, Item 8
Chunk 91
---
 earned on the trust
account, which interest shall be net of taxes payable, if any, and excluding deferred underwriting commissions, to complete our initial
business combination. We may withdraw interest from the trust account to pay taxes, if any. To the extent that our share capital or debt
is used, in whole or in part, as consideration to complete an initial business combination, the remaining proceeds held in the trust
account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue
our growth strategies.

21

We
intend to use the funds from the Subscription Promissory Note primarily to identify and evaluate target businesses, perform business
due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses
or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate
and complete an initial business combination.

In
order to fund working capital deficiencies or finance transaction costs in connection with an initial business combination, our sponsor
or an affiliate of our sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required.
If we complete an initial business combination, we may repay such loaned amounts out of the proceeds of the trust account released to
us. In the event that a business combination does not close, we may use a portion of the working capital held outside the trust account
to repay such loaned amounts, but no proceeds from our trust account would be used for such repayment. Up to $1,500,000 of such working
capital loans may be convertible into units of the post-business combination entity at a price of $10.00 per unit. The units would be
identical to the Private Placement Units.

We
do not believe we will need to raise additional funds in order to meet the expenditures required for operating our business. However,
if our estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial business
combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior
to our initial business combination. Moreover, we may need to obtain additional financing either to complete our business combination
or because we become obligated to redeem a significant number of our public shares upon completion of our business combination, in which
case we may issue additional securities or incur debt in connection with such business combination.

Going
Concern

In
connection with our