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 September 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)

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

c/o Terrapin Partners, LLC, 540 Madison Avenue, 17th Floor  New York, New York       10022
-----------------------------------------------------------------------------------------------
(Address of Principal Executive Offices of Registrant)                            (Zip Code)

</TABLE>

Registrant's Telephone number, including Area Code:  (212) 710-4100

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 November 15, 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 SEPTEMBER 30, 2006
                               TABLE OF CONTENTS
                            ----------------------

<TABLE>
<CAPTION>
                                                                                                                     Page
                                                                                                                     ----

<S>                                                                                                                   <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..................................................................8

PART II. OTHER INFORMATION..............................................................................................9

         ITEM 1.    LEGAL PROCEEDINGS...................................................................................9
         ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.........................................9
         ITEM 3.    DEFAULTS UPON SENIOR SECURITIES....................................................................10
         ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS................................................10
         ITEM 5.    OTHER INFORMATION..................................................................................10
         ITEM 6.    EXHIBITS:..........................................................................................10

SIGNATURES.............................................................................................................11


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

ITEM 1.  FINANCIAL STATEMENTS.

<TABLE>
<CAPTION>

                                                                   September 30, 2006
                                                                       (unaudited)            December 31, 2005
-------------------------------------------------------------------------------------------------------------------------
ASSETS
<S>                                                                <C>                       <C>
   Cash and cash equivalents                                       $            3,566        $          735,354
   Investments held in Trust Account (Note 3)                              52,020,834                50,700,580
   Prepaid expenses                                                                --                    22,524
-------------------------------------------------------------------------------------------------------------------------
Total current assets                                                       52,024,400                51,458,458
=========================================================================================================================

   Deferred tax asset                                                         400,233                   205,612
=========================================================================================================================

Total assets                                                       $       52,424,633        $       51,664,070
=========================================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
    Accrued expenses                                               $          669,402        $           46,000
    Capital and income taxes payable                                          118,002                   154,149
    Deferred Trust income                                                     537,549                   273,500
-------------------------------------------------------------------------------------------------------------------------
      Total liabilities                                                     1,324,953                   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
           conversion) and 2,000,000 respectively                               1,120                     1,120
    Additional paid-in capital                                             41,033,303                40,996,589
    Income accumulated during the development stage                           202,991                   330,446
-------------------------------------------------------------------------------------------------------------------------
      Total stockholders' equity                                           41,237,414                41,328,155
-------------------------------------------------------------------------------------------------------------------------
Total liabilities and stockholders' equity                         $       52,424,633        $       51,664,070
=========================================================================================================================

                                                                         See Notes to Condensed Financial Statements.
</TABLE>


                                      1
<PAGE>


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

<TABLE>
<CAPTION>

                                           For the           For the                                           For the Period
                                             Three             Three           For the                          from November
                                            Months            Months       Nine Months       For the Nine            22, 2004
                                             Ended             Ended             Ended       Months Ended      (inception) to
                                         September         September         September      September 30,       September 30,
                                          30, 2006          30, 2005          30, 2006               2005                2006
--------------------------------------------------------------------------------------------------------------------------------

Income:

<S>                                   <C>              <C>               <C>               <C>                  <C>
  Interest income                     $    345,335     $     330,033     $   1,070,465     $      735,026       $   2,190,607
                                       -----------      ------------      ------------      -------------        ------------

Expenses:

  Professional fees                        323,603           137,282           817,946            160,920           1,040,230

  Franchise and capital taxes               10,375            10,063            31,125             30,188              73,214

  Travel                                     1,599            45,630            27,614             61,483             115,633

  Rent and office                           80,120            25,846           143,748             63,590             232,999

  Insurance                                 30,830            23,627            78,302             54,953             156,882

  Other formation and operation costs           --                --                --                525               1,625
                                       -----------      ------------      ------------      -------------        ------------
    Total Expenses                         446,527           242,448         1,098,735            371,659           1,620,583


 Income (loss) before taxes               (101,192)           87,585           (28,270)           363,367             570,024



Provision for income taxes                  (4,727)           45,673            99,185            166,892             367,033
                                       -----------      ------------      ------------      -------------        ------------

Net (loss) income                     $    (96,465)    $      41,912     $    (127,455)    $      196,475       $     202,991
                                       ===========      ============      ============      =============        ============

Net (loss) income per share basic
and diluted                           $      (0.01)    $        0.00     $       (0.01)    $         0.02       $         .02


Weighted average shares outstanding     11,200,000        11,200,000        11,200,000          9,580,952          10,005,310

--------------------------------------------------------------------------------------------------------------------------------

                                                                          See Notes to Condensed Financial Statements
</TABLE>


                                      2
<PAGE>


                                               Aldabra Acquisition Corporation
                                      (a corporation in the development stage)
                                   Condensed Statement of Stockholders' Equity

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

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


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


Net income for the period                           --               --                 --           331,546            331,546
                                      -----------------------------------------------------------------------------------------
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                             --               --                 --         (127,455)          (127,455)
                                      -----------------------------------------------------------------------------------------

Balance, September 30, 2006                 11,200,000           $1,120        $41,033,303          $202,991        $41,237,414
                                      =========================================================================================

                                                                              See Notes to Condensed Financial Statements.
</TABLE>


                                      3
<PAGE>


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

<TABLE>
<CAPTION>

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

<S>                                                              <C>                <C>                         <C>
Cash flow from operating activities
   Net (loss) income                                             $ (127,455)            $196,475                    $202,991
   Adjustments to reconcile net income to net cash
     used in operating activities:
   Interest earned on investments held in Trust                  (1,320,254)           (891,524)                 (2,684,834)
   Increase in deferred tax asset                                  (194,621)                  --                   (400,233)
   Increase in capital and income taxes payable                     (36,147)             197,081                     118,002
   Increase in deferred interest                                     264,049             178,889                     537,549
   Decrease (Increase) in prepaid expenses                            22,524            (48,108)                          --
   Increase in accrued expenses                                      623,402               8,900                     669,402
----------------------------------------------------------------------------------------------------------------------------
       Net cash used in operating activities                       (768,502)           (358,287)                 (1,557,123)
----------------------------------------------------------------------------------------------------------------------------

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                                    --         (4,281,120)                 (4,365,025)
----------------------------------------------------------------------------------------------------------------------------

Net cash provided by financing activities                             36,714          50,848,880                  50,896,689
----------------------------------------------------------------------------------------------------------------------------

Net (decrease) increase in cash                                    (731,788)           1,154,593                     $ 3,566
Cash at beginning of the period                                      735,354              11,095                          --
----------------------------------------------------------------------------------------------------------------------------
Cash at the end of the period                                         $3,566          $1,165,688                     $ 3,566
============================================================================================================================


                                                                      See Notes to Condensed Financial Statements.
</TABLE>


                                      4
<PAGE>


                        Aldabra Acquisition Corporation
                   (a corporation in the development stage)

                    Notes to Unaudited Financial Statements

1.  Basis of Presentation        The financial statements at September 30,
                                 2006 and for the periods ended September 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 September 30, 2006 and
                                 the results of its operations and its cash
                                 flow for the periods ended September 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
    Operations                   Aldabra Acquisition Corporation is a blank
                                 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, 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).

                                      5

<PAGE>


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 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 September 30, 2006, the value of
                                 the Trust Account amounted to approximately
                                 $52,020,800. 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 September 30, 2006, 1,839,080 shares of
                                 common stock were reserved for issuance upon
                                 exercise of redeemable warrants.


                                      6
<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.
                                 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 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
                                 September 30, 2006 balance sheet and 19.99%
                                 of the related interest earned in the Trust
                                 Account has been recorded as deferred
                                 interest.


                                      7
<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
September 30, 2006, we had a net loss of approximately $96,500 derived from
interest income less operating expenses, compared with net income for the
three months ended September 30, 2005 of approximately $41,900, derived from
interest income less operating expenses. For the nine months ended September
30, 2006, we had a net loss of approximately $127,500, derived from interest
income less operating expenses, compared with net income for the nine months
ended September 30, 2005 of approximately $196,500, derived from interest
income less operating expenses. For the period from November 22, 2004
(inception) through September 30, 2006, Aldabra had net income of $203,000,
derived from interest income less operating expenses. For such period,
interest accrued on the trust fund was $2,065,800 and other interest income
was $43,400. Operating expenses for such period were $1,621,400 and consisted
primarily of $156,900 for director and officer liability and other insurance,
$232,400 for a monthly administrative services fee, $1,041,600 for
professional fees, and $115,600 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 September 30, 2006, Aldabra has used $1,495,400 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. In October 2006, Nathan Leight and Jason Weiss advanced an aggregate
of $300,000 to the Company to pay its expenses. 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.

   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


                                      8
<PAGE>


designed to ensure that information required to be disclosed in company
reports filed or submitted under the Exchange Act is 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 September 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)


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<PAGE>


Item 3.  Defaults Upon Senior Securities.

     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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<PAGE>


                                  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: November 15, 2006

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


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