American Exceptionalism Acquisition Corp. A (NYSE:AEXA) filed its quarterly report on Form 10-Q for the quarter ended September 30, 2026, with the SEC on November 13, 2026.

Key Highlights

  • Trust Account balance: Marketable securities held in the Trust Account totaled $357,779,541 as of September 30, 2026, up from $348,366,162 at December 31, 2025.
  • Net income for nine months: The company reported net income of $8,528,589 for the nine months ended September 30, 2026, driven by $9,413,379 in interest earned on trust account securities.
  • Redemption value: The 34,500,000 Class A Ordinary Shares subject to possible redemption carried a redemption value of approximately $10.37 per share at September 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit was $(20,803,529) at September 30, 2026, compared to $(19,918,739) at December 31, 2025.
  • Shares outstanding: As of November 13, 2026, there were 34,675,000 Class A Ordinary Shares and 14,785,714 Class B Ordinary Shares issued and outstanding.
  • Shell company status: The registrant indicated it is a shell company as defined under Rule 12b-2 of the Exchange Act.

Trust Account Growth and Operations for American Exceptionalism Acquisition Corp. A Through September 2026

According to the filing, American Exceptionalism Acquisition Corp. A held $357,779,541 in marketable securities in its Trust Account as of September 30, 2026, an increase from $348,366,162 at December 31, 2025. The company reported total assets of $358,095,220 at the quarter's end, while cash on hand declined to $97,843 from $515,931 at year-end 2025. The company disclosed that 34,500,000 Class A Ordinary Shares are subject to possible redemption, with a redemption value of approximately $10.37 per share at September 30, 2026, compared to approximately $10.10 per share at December 31, 2025.

For the nine months ended September 30, 2026, the filing reported a loss from operations of $(884,790), driven by $884,790 in general and administrative expenses. Interest earned on marketable securities held in the Trust Account totaled $9,413,379 for the same period, resulting in net income of $8,528,589. For the three months ended September 30, 2026, net income was $2,794,869, with interest income from the Trust Account of $3,239,568 offsetting operating losses of $(444,699). Basic and diluted net income per ordinary share for both Class A and Class B shares was $0.06 for the three months and $0.17 for the nine months ended September 30, 2026, according to the filing.

The company disclosed total liabilities of $21,119,208 as of September 30, 2026, which included an advisory fee payable of $10,350,000 and a deferred underwriting fee payable of $10,350,000, both unchanged from December 31, 2025. Accrued expenses rose to $419,208 from $16,168 at year-end 2025. The accumulated deficit stood at $(20,805,025) at September 30, 2026. The filing notes that the company was incorporated in the Cayman Islands and is classified as a non-accelerated filer, smaller reporting company, and emerging growth company.

What Was Disclosed

American Exceptionalism Acquisition Corp. A disclosed its unaudited condensed financial statements for the quarter ended September 30, 2026, covering its Trust Account balance, operating losses, interest income, share counts, redemption values, and shareholders' deficit position.