DMAA · Drugs Made In America Acquisition Corp.
Substantial doubt about the company's ability to continue as a going concern.
“the date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. Management plans to address this uncertainty through a Business Combination. There is no assurance that the Company’s plans to raise capital or to consummate a Business Combination will be successful within the Combination Period.”View the 10-Q filed May 14, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-02-18 | Drugs Made In America Acquisition LLC |
10% Owner |
Buy↑
Filing footnotes — Ordinary shares (Direct)
Reflects the 30,000 private units acquired by the reporting person, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $300,000. |
Ordinary shares
|
30,000 |
| 2025-02-18 | Stockwell Lynn |
Director, CEO and Exe. Chair of Board, 10% Owner |
Buy↑
Filing footnotes — Ordinary shares (Indirect)
Reflects the 30,000 private units acquired by Drugs Made In America Acquisition LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $300,000. Lynn Stockwell is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Ms. Stockwell disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of her pecuniary interest therein. |
Ordinary shares
(I)
|
30,000 |
| 2025-02-18 | Stockwell Lynn |
Director, CEO and Exe. Chair of Board, 10% Owner |
Buy↑
Filing footnotes — Rights to receive ordinary shares (Indirect)
The rights convert automatically into ordinary shares at the completion of the Issuer's initial business combination. Reflects the 30,000 private units acquired by Drugs Made In America Acquisition LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $300,000. Lynn Stockwell is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Ms. Stockwell disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of her pecuniary interest therein. |
Rights to receive ordinary shares
(I)
|
30,000 |
| 2025-02-18 | Drugs Made In America Acquisition LLC |
10% Owner |
Buy↑
Filing footnotes — Rights to receive ordinary shares (Direct)
The rights convert automatically into ordinary shares at the completion of the Issuer's initial business combination. Reflects the 30,000 private units acquired by the reporting person, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $300,000. |
Rights to receive ordinary shares
|
30,000 |
| 2025-01-29 | Shulgan Myron W. |
Director |
Other↑
Filing footnotes — Ordinary shares (Direct)
As of the Transaction Date, the reporting person acquired 100,000 ordinary shares from Drugs Made In America Acquisition LLC, the Issuer's sponsor, for no consideration. |
Ordinary shares
|
100,000 |
| 2025-01-29 | Do Catherine |
Director |
Other↑
Filing footnotes — Ordinary shares (Direct)
As of the Transaction Date, the reporting person acquired 100,000 ordinary shares from Drugs Made In America Acquisition LLC, the Issuer's sponsor, for no consideration. |
Ordinary shares
|
100,000 |
| 2025-01-29 | Drugs Made In America Acquisition LLC |
10% Owner |
Sell↓
Filing footnotes — Ordinary shares (Direct)
As of the Transaction Date, pursuant to share transfer agreements, the reporting person transferred an aggregate of 5,698,363 ordinary shares for consideration ranging from no consideration to $1.50 per share. |
Ordinary shares
|
5,698,363 |
| 2025-01-29 | Drugs Made In America Acquisition LLC |
10% Owner |
Other↓
Filing footnotes — Ordinary shares (Direct)
As of the Transaction Date, the reporting person transferred an aggregate of 400,000 ordinary shares to certain of the Issuer's officers and directors for no consideration. |
Ordinary shares
|
400,000 |
| 2025-01-29 | Worman Glenn C. |
CFO |
Other↑
Filing footnotes — Ordinary shares (Direct)
As of the Transaction Date, the reporting person acquired 100,000 ordinary shares from Drugs Made In America Acquisition LLC, the Issuer's sponsor, for no consideration. |
Ordinary shares
|
100,000 |
| 2025-01-29 | Stockwell Lynn |
Director, CEO and Exe. Chair of Board, 10% Owner |
Sell↓
Filing footnotes — Ordinary shares (Indirect)
As of the Transaction Date, pursuant to share transfer agreements, the sponsor transferred an aggregate of 5,698,363 ordinary shares for consideration ranging from no consideration to $1.50 per share. Reflects the 400,000 private units owned by Drugs Made In America Acquisition LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $4,000,000. Lynn Stockwell is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Ms. Stockwell disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of her pecuniary interest therein. |
Ordinary shares
(I)
|
5,698,363 |
| 2025-01-29 | Prasad Sridhar G. |
Director |
Other↑
Filing footnotes — Ordinary shares (Direct)
As of the Transaction Date, the reporting person acquired 100,000 ordinary shares from Drugs Made In America Acquisition LLC, the Issuer's sponsor, for no consideration. |
Ordinary shares
|
100,000 |
| 2025-01-29 | Drugs Made In America Acquisition LLC |
10% Owner |
Buy↑
Filing footnotes — Rights to receive ordinary shares (Direct)
The rights convert automatically into ordinary shares at the completion of the Issuer's initial business combination. Reflects the 400,000 private units owned by the reporting person, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $4,000,000. |
Rights to receive ordinary shares
|
400,000 |
| 2025-01-29 | Stockwell Lynn |
Director, CEO and Exe. Chair of Board, 10% Owner |
Other↓
Filing footnotes — Ordinary shares (Indirect)
As of the Transaction Date, the sponsor transferred an aggregate of 400,000 ordinary shares to certain of the Issuer's officers and directors for no consideration. Reflects the 400,000 private units owned by Drugs Made In America Acquisition LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $4,000,000. Lynn Stockwell is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Ms. Stockwell disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of her pecuniary interest therein. |
Ordinary shares
(I)
|
400,000 |
| 2025-01-29 | Drugs Made In America Acquisition LLC |
10% Owner |
Buy↑
Filing footnotes — Ordinary shares (Direct)
Reflects the 400,000 private units owned by the reporting person, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $4,000,000. |
Ordinary shares
|
400,000 |
| 2025-01-29 | Stockwell Lynn |
Director, CEO and Exe. Chair of Board, 10% Owner |
Buy↑
Filing footnotes — Ordinary shares (Indirect)
Reflects the 400,000 private units owned by Drugs Made In America Acquisition LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $4,000,000. Lynn Stockwell is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Ms. Stockwell disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of her pecuniary interest therein. |
Ordinary shares
(I)
|
400,000 |
| 2025-01-29 | Stockwell Lynn |
Director, CEO and Exe. Chair of Board, 10% Owner |
Buy↑
Filing footnotes — Rights to receive ordinary shares (Indirect)
The rights convert automatically into ordinary shares at the completion of the Issuer's initial business combination. Reflects the 400,000 private units owned by Drugs Made In America Acquisition LLC, the Issuer's sponsor. Each private unit consists of one ordinary share and one right to receive one-eighth (1/8) of an ordinary share upon the consummation of an initial business combination. The private units were purchased at $10 per unit for an aggregate purchase price of $4,000,000. Lynn Stockwell is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Ms. Stockwell disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of her pecuniary interest therein. |
Rights to receive ordinary shares
(I)
|
400,000 |
| 2025-01-07 | Shulgan Myron W. |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-01-07 | Do Catherine |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-01-07 | Worman Glenn C. |
CFO |
Other↑
|
No Securities Owned
|
0 |
| 2025-01-07 | Prasad Sridhar G. |
Director |
Other↑
|
No Securities Owned
|
0 |