UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  FORM 10-QSB

(Mark One)

|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2006

                                      OR

|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from ______________________________________ to
____________________________________

<TABLE>
<CAPTION>

Commission File No.         Name of Registrant or Co-Registrant in Charter          IRS Employer Number
-------------------         ----------------------------------------------          -------------------
<S>                      <C>                                                        <C>
000-51150                           ALDABRA ACQUISITION CORPORATION                 20-1918691
                        (Exact Name of Registrant as Specified in Its Charter)
</TABLE>

Delaware
--------------------------------------------------------------------------------
(State or other Jurisdiction of Incorporation or organization of Registrant
and Co-Registrants)

c/o Terrapin Partners, LLC, Rockefeller Center, 620 Fifth Avenue,       10020
3rd Floor New York, New York
--------------------------------------------------------------------------------
(Address of Principal Executive Offices of Registrant)                (Zip Code)

Registrant's Telephone number, including Area Code:  (212) 332-3555

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes |X| No |_|

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).

Yes |X|  No |_|

As of August 14, 2006, 11,2000,000 shares of common stock, par value $.0001
per share, were issued and outstanding.

Transitional Small Business Disclosure Format (check one): Yes |_|     No |X|


<PAGE>


                        ALDABRA ACQUISITION CORPORATION
                          QUARTER ENDED JUNE 30, 2006
                               TABLE OF CONTENTS
                            ----------------------

<TABLE>
<CAPTION>

                                                                                                                       Page


<S>        <C>                                                                                                          <C>
PART I.    FINANCIAL INFORMATION..........................................................................................1

           ITEM 1.    FINANCIAL STATEMENTS................................................................................1
           ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION...........................................9
           ITEM 3.    DISCLOSURE CONTROLS AND PROCEDURES..................................................................9

PART II.   OTHER INFORMATION.............................................................................................10

           ITEM 1.    LEGAL PROCEEDINGS..................................................................................10
           ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS........................................10
           ITEM 3.    DEFAULTS UPON SENIOR SECURITIES....................................................................10
           ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS................................................11
           ITEM 5.    OTHER INFORMATION..................................................................................11
           ITEM 6.    EXHIBITS:..........................................................................................11

SIGNATURES...............................................................................................................12


EXHIBITS

           EXHIBIT 31      CERTIFICATION OF JASON WEISS.................................................................E-1
           EXHIBIT 32      CERTIFICATION OF JASON WEISS.................................................................E-2
</TABLE>


                                      i
<PAGE>


                                               Aldabra Acquisition Corporation
                                      (a corporation in the development stage)
                                                       Condensed Balance Sheet

                         PART I. FINANCIAL INFORMATION

<TABLE>
<CAPTION>

ITEM 1.  FINANCIAL STATEMENTS.

                                                                            June 30,  2006
                                                                                (unaudited)         December 31, 2005
-------------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>                       <C>
ASSETS
    Cash and cash equivalents                                                      $100,498                  $735,354
    Investments held in Trust Account (Note 3)                                   51,588,884                50,700,580
    Prepaid expenses                                                                 18,910                    22,524
-------------------------------------------------------------------------------------------------------------------------
Total current assets                                                             51,708,292                51,458,458
    Deferred tax asset                                                              322,477                   205,612
Total assets                                                                    $52,030,769               $51,664,070
LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
     Accrued expenses                                                              $348,857                   $46,000
     Capital and income taxes payable                                                34,608                   154,149
     Deferred Trust income                                                          451,159                   273,500
-------------------------------------------------------------------------------------------------------------------------
       Total liabilities                                                            834,624                   473,649
-------------------------------------------------------------------------------------------------------------------------

Common stock, subject to possible conversion,
   1,839,080 shares at conversion value (Note 4)                                  9,862,266                 9,862,266
-------------------------------------------------------------------------------------------------------------------------

Commitment

Stockholders' equity (Notes 2, 3 and 4)
     Preferred stock, $.0001 par value, Authorized
        1,000,000 shares; none issued                                                    --                        --
     Common stock, $.0001 par value
         Authorized 35,000,000 shares
         Issued and outstanding 11,200,000 shares
                  (which includes 1,839,080 subject to possible                       1,120                     1,120
                  conversion) and 2,000,000 respectively
     Additional paid-in capital                                                  41,033.303                40,996,589
     Income accumulated during the development stage                                299,456                   330,446
-------------------------------------------------------------------------------------------------------------------------
       Total stockholders' equity                                                41,333,879                41,328,155
-------------------------------------------------------------------------------------------------------------------------
Total liabilities and stockholders' equity                                      $52,030,769               $51,664,070
=========================================================================================================================
</TABLE>

                 See Notes to Condensed Financial Statements.


                                      1
<PAGE>


                                               Aldabra Acquisition Corporation
                                      (a corporation in the development stage)

                                             Condensed Statement of Operations
                                             (unaudited)

<TABLE>
<CAPTION>

                                                                                                                      For the Period
                                          For the Three    For the Three     For the Six   For the Six Months      from November 22,
                                           Months Ended     Months Ended    Months Ended       Ended June 30,    2004 (inception) to
                                          June 30, 2006    June 30, 2005   June 30, 2006                 2005          June 30, 2006
------------------------------------------------------------------------------------------------------------------------------------
Income:
<S>                                            <C>              <C>             <C>                  <C>                  <C>
Interest income                                $333,137         $309,436        $725,130             $404,993             $1,845,272
                                         --------------    -------------   -------------   ------------------    -------------------

Expenses:
Professional fees                               468,465           20,393         494,343               23,638                716,627
Franchise and capital taxes                      10,375            5,423          20,750               20,125                 62,839
Travel                                           14,674           15,853          26,015               15,853                114,034
Rent and office                                  31,941           27,294          63,628               37,744                152,879
Insurance                                        23,145           23,362          47,472               31,326                126,052
Other formation and operation costs                   -                -               -                  525                  1,625
                                         --------------    -------------   -------------   ------------------    -------------------
Total Expenses                                  548,600           92,325         652,208              129,211              1,174,056


Income (loss) before taxes                    (215,463)          217,111          72,922              275,782                671,216


Provision for income taxes                     (24,502)          103,069         103,912              121,219                371,760
                                         --------------    -------------   -------------   ------------------    -------------------

Net (loss) income                           $ (190,961)         $114,042      $ (30,990)             $154,563               $299,456
                                         ==============    =============   =============   ==================    ===================

Net (loss) income per share basic and
diluted                                        $ (0.02)            $0.01        $ (0.00)                $0.02                  $0.03

Weighted average shares
outstanding                                  11,200,000       11,200,000      11,200,000            8,758,011              9,817,747
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>



                  See Notes to Condensed Financial Statements


                                      2
<PAGE>


                                               Aldabra Acquisition Corporation
                                      (a corporation in the development stage)

                                   Condensed Statement of Stockholders' Equity

<TABLE>
<CAPTION>

                                                                                                    Income
                                                                                                 (Deficit)
                                                                                               Accumulated
                                                                                                During the
                                                  Common Stock            Addition paid-       Development
                                                Shares           Amount       in capital             Stage             Total
                                          ----------------------------- ---------------- ----------------- -----------------
<S>                                          <C>                   <C>           <C>                   <C>           <C>
Sale of 2,000,000 shares of common           2,000,000             $200          $24,800               $--           $25,000
stock to initial stockholders on
November 22, 2004 at $.0125 per
share, as adjusted (Note 4)

Net Loss for the period                             --               --               --           (1,100)           (1,100)
                                          ------------- --------------- ---------------- ----------------- -----------------
Balance at December 31, 2004                 2,000,000             $200          $24,800          $(1,100)           $23,900

Unaudited:
Sale of 9,200,000 units, net of              9,200,000              920       50,834,055                --        50,834,975
underwriters' discount and offering
expenses (includes 1,839,080 shares
subject to possible conversion)

Proceeds subject to possible
conversion of 1,839,080 shares                      --               --      (9,862,266)                --       (9,862,266)


Net income for the period                           --               --               --           331,545           331,545
                                          ------------- --------------- ---------------- ----------------- -----------------
Balance, December 31, 2005                  11,200,000           $1,120      $40,996,589          $330,446       $41,328,155

Unaudited:
Additional capital contributed                      --               --           36,714                --            36,714

Net Loss for the period                                                                           (30,990)          (30,990)
                                          ------------- --------------- ---------------- ----------------- -----------------

Balance, June 30, 2006                      11,200,000           $1,120      $41,033,303          $299,456       $41,333,879
                                          ============= =============== ================ ================= =================
</TABLE>

                 See Notes to Condensed Financial Statements.


                                      3
<PAGE>


                                               Aldabra Acquisition Corporation
                                      (a corporation in the development stage)
                                             Condensed Statement of Cash Flows
                                                                   (unaudited)

<TABLE>
<CAPTION>

                                                                                         For the Six         For the period from
                                                                     For the Six        Months Ended           November 22, 2004
                                                                    Months Ended               June               (inception) to
                                                                   June 30, 2006            30, 2005               June 30, 2006
---------------------------------------------------------------------------------------------------------------------------------

<S>                                                                   <C>                   <C>                         <C>
Cash flow from operating activities
    Net (loss) income                                                 $ (30,990)            $154,563                    $299,456
    Adjustments to reconcile net income to net cash used in
    operating activities:
    Interest earned on treasury bills held in Trust                    (888,304)           (490,777)                 (2,252,884)
    Increase in deferred tax asset                                     (116,865)                                       (322,477)
    (Decrease) Increase in capital and income taxes payable            (119,541)             141,344                      34,608
    Increase in deferred interest                                        177,659              98,274                     451,159
    Decrease (Increase) in prepaid expenses                                3,614            (73,944)                    (18,910)
    Increase in accrued expenses                                         302,857              10,600                     348,857
---------------------------------------------------------------------------------------------------------------------------------
         Net cash used in operating activities                         (671,570)           (159,940)                 (1,460,191)
---------------------------------------------------------------------------------------------------------------------------------

Cash flows from Investing Activities
    Cash placed into Trust Fund                                               --        (49,336,000)                (49,336,000)
---------------------------------------------------------------------------------------------------------------------------------

Cash flows from financing activities
     Proceeds from notes payable, stockholders                                --                  --                      70,000
     Repayment of notes payable, stockholders                                 --            (70,000)                    (70,000)
     Additional capital contribution                                      36,714                  --                      36,714
     Proceeds from sale of shares of common stock                             --          55,200,000                  55,225,000
     Payment of costs of public offering                                      --         (4,250,179)                 (4,365,025)
---------------------------------------------------------------------------------------------------------------------------------
Net cash provided by financing activities                                 36,714          50,879,821                  50,896,689
---------------------------------------------------------------------------------------------------------------------------------
Net (decrease) increase in cash                                        (634,856)           1,383,881                     100,498
Cash at beginning of the period                                          735,354              11,095                          --
---------------------------------------------------------------------------------------------------------------------------------
Cash at the end of the period                                           $100,498          $1,394,976                    $100,498
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>



                 See Notes to Condensed Financial Statements.


                                      4
<PAGE>


                         Aldabra Acquisition Corporation
                    (a corporation in the development stage)

                     Notes to Unaudited Financial Statements

1.      Basis of Presentation        The financial statements at June 30, 2006
                                     and for the periods ended June 30, 2006 and
                                     2005 are unaudited. In the opinion of
                                     management, all adjustments (consisting of
                                     normal accruals) have been made that are
                                     necessary to present fairly the financial
                                     position of Aldabra Acquisition Corporation
                                     (the "Company") as of June 30, 2006 and the
                                     results of its operations and its cash flow
                                     for the periods ended June 30, 2006 and
                                     2005. Operating results for the interim
                                     period presented are not necessarily
                                     indicative of the results to be expected
                                     for a full year. The December 31, 2005
                                     balance sheet is derived from the audited
                                     financial statements.

                                     The statements and related notes have been
                                     prepared pursuant to the rules and
                                     regulations of the U.S. Securities and
                                     Exchange Commission. Accordingly, certain
                                     information and footnote disclosures
                                     normally included in financial statements
                                     prepared in accordance with generally
                                     accepted accounting principles have been
                                     omitted pursuant to such rules and
                                     regulations. These financial statements
                                     should be read in conjunction with the
                                     financial statements that were included in
                                     the Company's Annual Report on Form 10-KSB
                                     for the period ended December 31, 2005.

2.      Organization and Business    Aldabra Acquisition Corporation is a blank
        Operations                   check company formed on November 22, 2004
                                     to effect a merger, capital stock exchange,
                                     asset acquisition or other similar business
                                     combination with an operating business such
                                     as the one described in Note 5 below
                                     ("Business Combination"). Aldabra is not
                                     presently engaged in, and will not engage
                                     in, any substantive commercial business
                                     until the consummation of the business
                                     combination with GLDD.

                                     The Company's Amended and Restated
                                     Certificate of Incorporation provides for
                                     mandatory liquidation of the Company in the
                                     event that the Company does not consummate
                                     a Business Combination within 18 months
                                     from the date of the consummation of the
                                     Offering, or 24 months from the
                                     consummation of the Offering if certain
                                     extension criteria have been satisfied. The
                                     merger agreement described in Note 5
                                     satisfies such extension criteria. However,
                                     if the merger is not consummated before
                                     February 24,


                                       5
<PAGE>

                                     2007 (24 months from the consummation of
                                     the Offering) the Company will be
                                     liquidated. There is no assurance that the
                                     Company will be able to successfully effect
                                     a Business Combination during this period.
                                     This factor raises substantial doubt about
                                     the Company's ability to continue as a
                                     going concern. The accompanying financial
                                     statements are prepared assuming the
                                     Company will continue as a going concern.
                                     The financial statements do not include any
                                     adjustments that might result from the
                                     outcome of this uncertainty. In the event
                                     of liquidation, it is likely that the per
                                     share value of the residual assets
                                     remaining available for distribution
                                     (including assets deposited in the Trust
                                     Account described in Note 3 below) will be
                                     less than the initial public offering price
                                     per share in the Offering (assuming no
                                     value is attributed to the Warrants
                                     contained in the Units sold in the Offering
                                     discussed in Note 3).

3.      Initial Public Offering      The registration statement for the
                                     Company's initial public offering
                                     ("Offering") was declared effective
                                     February 17, 2005. On February 24, 2005,
                                     the Company sold 8,000,000 units ("Units")
                                     in the Offering and received net proceeds
                                     of approximately $44,139,000. On February
                                     25, 2005, the Company sold an additional
                                     1,200,000 Units pursuant to the
                                     underwriters' over-allotment option and
                                     received net proceeds of approximately
                                     $6,696,000.

                                     Each Unit consists of one share of the
                                     Company's common stock, $.0001 par value,
                                     and two Redeemable Common Stock Purchase
                                     Warrants ("Warrants"). Each Warrant
                                     entitles the holder to purchase from the
                                     Company one share of common stock at an
                                     exercise price of $5.00 commencing after
                                     the completion of a Business Combination
                                     and expiring on February 16, 2009. The
                                     Warrants will be redeemable at a price of
                                     $.01 per Warrant upon 30 days' notice after
                                     the Warrants become exercisable, only in
                                     the event that the last sale price of the
                                     common stock is at least $8.50 per share
                                     for any 20 trading days within a 30 trading
                                     day period ending on the third trading day
                                     prior to the date on which notice of
                                     redemption is given.

                                     The Company's management has broad
                                     discretion with respect to the specific
                                     application of the net proceeds of this
                                     Offering, although substantially all of the
                                     net proceeds of this Offering are intended
                                     to


                                       6
<PAGE>

                                     be generally applied toward consummating a
                                     Business Combination. An amount of
                                     approximately $49,336,000 of the net
                                     proceeds was placed in an interest-bearing
                                     trust account ("Trust Account") until the
                                     earlier of (i) the consummation of a
                                     Business Combination or (ii) liquidation of
                                     the Company. Under the agreement governing
                                     the Trust Account, funds will only be
                                     invested in United States "government
                                     securities" within the meaning of Section
                                     2(a)(16) of the Investment Company Act of
                                     1940 with a maturity of 180 days or less,
                                     or in money market funds meeting certain
                                     conditions under Rule 2a-7 promulgated
                                     under the Investment Company Act of 1940.
                                     At June 30, 2006, the value of the Trust
                                     Account amounted to approximately
                                     $51,588,900. The remaining net proceeds
                                     (not held in the Trust Fund) may be used to
                                     pay for business, legal and accounting due
                                     diligence on prospective acquisitions,
                                     general and administrative expenses and
                                     corporate income and franchise taxes.

4.      Common Stock                 On January 27, 2005, the Company's Board of
                                     Directors authorized a stock dividend of
                                     one share of common stock for each
                                     outstanding share of common stock. In
                                     addition, on January 27, 2005, the
                                     Company's Board of Directors approved an
                                     amendment to the Company's Certificate of
                                     Incorporation to increase the number of
                                     authorized shares of common stock to
                                     35,000,000. All references in the
                                     accompanying financial statements to the
                                     numbers of shares have been retroactively
                                     restated to reflect these transactions.

                                     As of June 30, 2006, 1,839,080 shares of
                                     common stock were reserved for issuance
                                     upon exercise of redeemable warrants.


                                       7
<PAGE>

5.      Business Combination         On June 20, 2006, the Company entered into
                                     an Agreement and Plan of Merger (the
                                     "Merger Agreement"), by and among GLDD
                                     Acquisition Corp., a Delaware corporation
                                     ("GLDD"), the Company, Aldabra Merger Sub,
                                     L.L.C., a Delaware limited liability
                                     company and a wholly owned subsidiary of
                                     the Company ("Merger Sub") and certain
                                     representatives named therein. GLDD is the
                                     parent company of Great Lakes Dredge & Dock
                                     Corporation ("Great Lakes") and both
                                     entities are affiliates of Madison Dearborn
                                     Partners, LLC, a Chicago, Illinois-based
                                     private equity fund.

                                     Pursuant to the Merger Agreement, GLDD will
                                     merge with and into Merger Sub (the
                                     "Merger"), with Merger Sub continuing after
                                     the Merger as the surviving corporation and
                                     GLDD's stockholders receiving common stock
                                     of the Company. The Company will then merge
                                     into an indirect wholly-owned subsidiary
                                     and, in connection with this subsequent
                                     merger, the Company's stockholders
                                     (including the former GLDD's stockholders)
                                     will receive stock in a new holding
                                     company, which will shortly after closing
                                     be renamed Great Lakes Dredge & Dock
                                     Corporation. The available cash of the
                                     Company (including the cash in the Trust
                                     Account) will be used to pay down GLDD's
                                     debt. The transaction has been approved by
                                     the boards of both the Company and GLDD,
                                     but is subject to customary closing
                                     conditions, including review under the
                                     Hart-Scott-Rodino Act. The consummation of
                                     the transaction with GLDD is also
                                     conditioned on the approval by the
                                     Company's shareholders. All of the
                                     Company's stockholders prior to the
                                     Offering, including all of the officers and
                                     directors of the Company ("Initial
                                     Stockholders"), have agreed to vote their
                                     2,000,000 founding shares of common stock
                                     in accordance with the vote of the majority
                                     in interest of all other stockholders of
                                     the Company ("Public Stockholders") with
                                     respect to any Business Combination,
                                     including the merger with GLDD.

                                     Under the Company's Amended and Restated
                                     Certificate of Incorporation, any Public
                                     Stockholder who votes against the Business
                                     Combination may demand that the Company
                                     convert his or her shares into a pro rata
                                     share of the Trust Account. However, in the
                                     event that stockholders owning 20% or more
                                     of the shares sold in the Offering vote
                                     against the Business Combination and demand
                                     the conversion of their shares into cash,
                                     the Business Combination will not be
                                     consummated. Shares will


                                       8
<PAGE>

                                     only be converted into cash if the proposed
                                     Business Combination is consummated. The
                                     per share conversion price will equal the
                                     amount in the Trust Account as of two days
                                     prior to the consummation of the proposed
                                     Business Combination divided by the number
                                     of shares of common stock held by Public
                                     Stockholders at the consummation of the
                                     Offering. Accordingly, Public Stockholders
                                     holding 19.99% of the aggregate number of
                                     shares owned by all Public Stockholders may
                                     seek conversion of their shares in the
                                     event of a Business Combination. Such
                                     Public Stockholders are entitled to receive
                                     their per share interest in the Trust
                                     Account computed without regard to the
                                     shares held by Initial Stockholders.
                                     Accordingly, a portion of the net proceeds
                                     from the offering (19.99% of the amount
                                     originally held in the Trust Account) has
                                     been classified as common stock subject to
                                     possible conversion in the accompanying
                                     June 30, 2006 balance sheet and 19.99% of
                                     the related interest earned on the Treasury
                                     Bill has been recorded as deferred
                                     interest.


                                       9
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

      The following discussion should be read in conjunction with the Company's
Consolidated Financial Statements and footnotes thereto contained in this
report.

Forward Looking Statements

      The statements discussed in this Report include forward looking statements
that involve risks and uncertainties, including the timely delivery and
acceptance of the Company's products and the other risks detailed from time to
time in the Company's reports filed with the Securities and Exchange Commission.

Results of Operations

      Aldabra was formed on November 22, 2004. For the three months ended June
30, 2006, we had a net loss of approximately $191,000, derived from interest
income less operating expenses, compared with net income for the three months
ended June 30, 2005 of approximately $114,000, derived from interest income less
operating expenses. For the six months ended June 30, 2006, we had a net loss of
approximately $31,000, derived from interest income less operating expenses,
compared with net income for the six months ended June 30, 2005 of approximately
$154,600 derived from interest income less operating expenses. For the period
from November 22, 2004 (inception) through June 30, 2006, Aldabra had net income
of $299,456, derived from interest income less operating expenses. For such
period, interest accrued on the trust fund was $1,801,800 and other interest
income was $42,800. Operating expenses for such period were $817,800 and
consisted primarily of $126,100 for director and officer liability and other
insurance, $122,900 for a monthly administrative services fee, $411,800 for
professional fees, and $157,000 for travel and other expenses.

      Aldabra consummated its initial public offering on February 24, 2005. On
February 25, 2005, Aldabra consummated the closing of an additional 1,200,000
units that were subject to the underwriters' over-allotment option. Gross
proceeds from Aldabra's initial public offering were $55,200,000. Aldabra paid a
total of approximately $3,864,000 in underwriting discounts and commissions, and
approximately $501,000 was paid for costs and expenses related to the offering.

      After deducting the underwriting discounts and commissions and the
offering expenses, the total net proceeds to Aldabra from the offering were
approximately $50,835,000, of which approximately $49,336,000 was deposited into
the trust account (or $5.36 per share sold in the offering). The remaining
proceeds are available to be used by Aldabra to provide for business, legal and
accounting due diligence on prospective acquisitions and general and
administrative expenses, and corporate income and franchise taxes. Through June
30, 2006, Aldabra has used $1,398,500 of the net proceeds that were not
deposited into the trust fund to pay such expenses and taxes.

Aldabra intends to use substantially all of the net proceeds of the offering to
acquire GLDD. If the Great Lakes merger is approved, Aldabra common stock will
be used as consideration to effect the business combination with GLDD. The
proceeds held in the trust account as well as any other net proceeds not
expended will be used to finance the operations of the target business. Aldabra
believes it will have sufficient available funds outside of the Trust Account
or, if necessary, that Nathan Leight and Jason Weiss or their affiliates will
advance it sufficient funds to operate through February 24, 2007, assuming that
a business combination is not consummated during that time. However, Aldabra may
need to raise additional funds through a private offering of debt securities if
such funds are required to consummate a business combination that is presented
to it.

      Off-Balance Sheet Arrangements

      Options and warrants issued in conjunction with Aldabra's initial public
offering are equity linked derivatives and accordingly represent off-balance
sheet arrangements. The options and warrants meet the scope exception in
paragraph 11(a) of Financial Accounting Standard (FAS) 133 and are accordingly
not accounted for as derivatives for purposes of FAS 133, but instead are
accounted for as equity. See Footnote 2 to Aldabra's audited financial
statements included in this proxy statement/prospectus for more information.

ITEM 3. DISCLOSURE CONTROLS AND PROCEDURES.

      Disclosure controls and procedures are controls and other procedures that
are designed to ensure that information required to be disclosed in company
reports filed or submitted under the Securities Exchange Act of 1934 (the
"Exchange Act") is recorded, processed, summarized and reported, within the time
periods specified in the Securities and Exchange Commission's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in
company reports filed or submitted under the Exchange Act is


                                       10
<PAGE>

accumulated and communicated to management, including our chief executive
officer and treasurer, as appropriate to allow timely decisions regarding
required disclosure.

      As required by Rules 13a-15 and 15d-15 under the Exchange Act, our chief
executive officer carried out an evaluation of the effectiveness of the design
and operation of our disclosure controls and procedures as of June 30, 2006. His
evaluation was carried out with the participation of other members of our
management. Based upon their evaluation, he concluded that our disclosure
controls and procedures were effective.

      Our internal control over financial reporting is a process designed by, or
under the supervision of, our chief executive officer and effected by our board
of directors, management and other personnel, to provide reasonable assurance
regarding the reliability of our financial reporting and the preparation of our
financial statements for external purposes in accordance with generally accepted
accounting principles. Internal control over financial reporting includes
policies and procedures that pertain to the maintenance of records that in
reasonable detail accurately and fairly reflect the transactions and
dispositions of our assets; provide reasonable assurance that transactions are
recorded as necessary to permit preparation of our financial statements in
accordance with generally accepted accounting principles, and that our receipts
and expenditures are being made only in accordance with the authorization of our
board of directors and management; and provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use or disposition
of our assets that could have a material effect on our financial statements.

      During the most recently completed fiscal quarter, there has been no
significant change in our internal control over financial reporting that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.

                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

      Not Applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

      (a) On February 24, 2005, we consummated our initial public offering of
8,000,000 Units, with each unit consisting of one share of our common stock and
two warrants, each to purchase one share of our common stock at an exercise
price of $5.00 per share. On February 25, 2005, we closed on an additional
1,200,000 units that were subject to the underwriters' over-allotment option.
The units were sold at an offering price of $6.00 per unit, generating total
gross proceeds of $55,200,000. Morgan Joseph & Co. Inc. acted as the sole book
running manager and EarlyBirdCapital, Inc. acted as a co-manager. The securities
sold in the offering were registered under the Securities Act of 1933 on a
registration statement on Form S-1 (No. 333-121610). The Securities and Exchange
Commission declared the registration statement effective on February 17, 2005.

      We paid a total of approximately $3,864,000 in underwriting discounts and
commissions, and approximately $501,000 was paid for costs and expenses related
to the offering.

      After deducting the underwriting discounts and commissions and the
offering expenses, the total net proceeds to us from the offering were
approximately $50,835,000, of which approximately $49,336,000 was deposited into
a Trust Account (or $5.36 per share sold in the offering) and the remaining
proceeds are available to be used to provide for business, legal and accounting
due diligence on prospective business combinations, general and administrative
expenses and corporate income and franchise taxes.

         (b) Not Applicable (applies only to new registrants)

         (c) Not Applicable  (share repurchases)

Item 3. Defaults Upon Senior Securities.


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<PAGE>

      None.

Item 4. Submission of Matters to a Vote of Security Holders.

      None.

Item 5. Other Information.

      None.

Item 6. Exhibits:

      (a)   Exhibits:

      10.1- Agreement and Plan of Merger by and among GLDD Acquisition Corp.,
            the Registrant, Aldabra Merger Sub L.L.C. and certain
            representatives named therein, filed as an exhibit to the Current
            Report on Form 8- K filed on June 20, 2006.

      31-   Section 302 Certification by CEO

      32-   Section 906 Certification by CEO


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                                   SIGNATURES

      In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                   ALDABRA ACQUISITION
                                                   CORPORATION
Dated:  August 14, 2006

                                                   /s/ Jason Weiss
                                                   ---------------------------
                                                       Jason Weiss
                                                       Chief Executive Officer


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