{"url_path":"/sec/aexa/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/2079173/0001193125-26-221704-index.html","accession_number":"0001193125-26-221704","cik":"0002079173","ticker":"AEXA","issuer_name":"American Exceptionalism Acquisition Corp. A","edgar_url":"https://www.sec.gov/Archives/edgar/data/2079173/0001193125-26-221704-index.html","primary_entity_key":"0002079173","primary_entity_name":"American Exceptionalism Acquisition Corp. A"},"word_count":1172,"has_tables":true,"body_markdown":"10-Q\n\n--12-31Q1false0002079173CAOn September 25, 2025, the Company issued an additional 2,464,285 founder shares to the Sponsor, as defined below, through share capitalization. As a result, the Sponsor holds an aggregate of 14,785,714 founder shares. All share and per-share amounts have been retroactively presented (see Note 5).Includes 1,928,571 Class B Ordinary Shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. Subsequently, on September 29, 2025, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering, as defined below. As such, the 1,928,571 founder shares are no longer subject to forfeiture (see Note 5).On September 25, 2025, the Company issued an additional 2,464,285 founder shares to the Sponsor through share capitalization. As a result, the Sponsor holds an aggregate of 14,785,714 founder shares. All share and per-share amounts have been retroactively presented (see Note 5).Includes 1,928,571 Class B Ordinary Shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. Subsequently, on September 29, 2025, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 1,928,571 founder shares are no longer subject to forfeiture (see Note 5).On September 25, 2025, the Company issued an additional 2,464,285founder shares to the Sponsor through share capitalization. As a result, the Sponsor holds an aggregate of 14,785,714 founder shares. All share and per-share amounts have been retroactively presented (see Notes 5).Includes 1,928,571 Class B Ordinary Shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. Subsequently, on September 29,2025, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 1,928,571 founder shares are no longer subject to forfeiture (see Note 5). 0002079173 2026-01-01 2026-03-31 0002079173 2025-04-09 0002079173 2025-02-01 0002079173 2026-03-31 0002079173 2025-12-31 0002079173 2025-09-23 2025-09-23 0002079173 2025-09-25 2025-09-25 0002079173 2025-09-29 2025-09-29 0002079173 aexa:UnderwritingAgreementMember us-gaap:OverAllotmentOptionMember 2026-03-31 0002079173 us-gaap:CommonClassBMember 2026-03-31 0002079173 us-gaap:CommonClassAMember 2026-03-31 0002079173 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2026-03-31 0002079173 us-gaap:PreferredStockMember 2026-03-31 0002079173 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2026-03-31 0002079173 us-gaap:CommonClassBMember aexa:FounderSharesMember 2026-03-31 0002079173 aexa:PromissoryNoteMember aexa:SponsorMember us-gaap:IPOMember 2026-03-31 0002079173 aexa:SponsorMember 2026-03-31 0002079173 us-gaap:PrivatePlacementMember 2026-03-31 0002079173 us-gaap:CommonClassAMember us-gaap:CommonStockMember us-gaap:IPOMember 2026-03-31 0002079173 srt:MinimumMember 2026-03-31 0002079173 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2026-03-31 0002079173 aexa:WorkingCapitalLoanMember aexa:SponsorMember 2026-03-31 0002079173 us-gaap:CommonStockMember 2026-03-31 0002079173 us-gaap:CommonClassAMember 2025-12-31 0002079173 us-gaap:CommonClassBMember 2025-12-31 0002079173 us-gaap:PreferredStockMember 2025-12-31 0002079173 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-12-31 0002079173 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2025-12-31 0002079173 us-gaap:CommonClassBMember aexa:FounderSharesMember 2025-12-31 0002079173 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2025-12-31 0002079173 us-gaap:CommonStockMember 2025-12-31 0002079173 us-gaap:CommonClassAMember 2025-09-25 0002079173 us-gaap:PreferredStockMember 2025-09-25 0002079173 aexa:SponsorMember aexa:FounderSharesMember 2025-09-25 0002079173 us-gaap:CommonClassBMember aexa:FounderSharesMember 2025-09-25 0002079173 us-gaap:CommonStockMember 2025-09-25 0002079173 us-gaap:CommonClassAMember 2025-09-29 0002079173 us-gaap:PreferredStockMember 2025-09-29 0002079173 us-gaap:CommonStockMember 2025-09-29 0002079173 us-gaap:OverAllotmentOptionMember 2025-09-29 0002079173 us-gaap:PrivatePlacementMember 2025-09-29 0002079173 aexa:UnderwritingAgreementMember 2026-01-01 2026-03-31 0002079173 aexa:UnderwritingAgreementMember us-gaap:OverAllotmentOptionMember 2026-01-01 2026-03-31 0002079173 us-gaap:CommonClassAMember 2026-01-01 2026-03-31 0002079173 us-gaap:CommonClassBMember 2026-01-01 2026-03-31 0002079173 aexa:PromissoryNoteMember aexa:SponsorMember 2026-01-01 2026-03-31 0002079173 us-gaap:PrivatePlacementMember 2026-01-01 2026-03-31 0002079173 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0002079173 aexa:UnderwritingAgreementMember us-gaap:OverAllotmentOptionMember 2025-09-29 2025-09-29 0002079173 aexa:SponsorMember aexa:FounderSharesMember 2025-09-29 2025-09-29 0002079173 us-gaap:OverAllotmentOptionMember 2025-09-29 2025-09-29 0002079173 us-gaap:CommonClassAMember us-gaap:IPOMember 2025-09-29 2025-09-29 0002079173 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-09-29 2025-09-29 0002079173 us-gaap:PrivatePlacementMember 2025-09-29 2025-09-29 0002079173 us-gaap:CommonClassAMember us-gaap:OverAllotmentOptionMember 2025-09-29 2025-09-29 0002079173 us-gaap:CommonClassAMember 2025-07-11 2025-12-31 0002079173 aexa:SponsorMember aexa:FounderSharesMember 2025-07-25 2025-07-25 0002079173 aexa:SponsorMember aexa:FounderSharesMember 2025-07-25 0002079173 aexa:SponsorMember aexa:FounderSharesMember 2025-09-25 2025-09-25 0002079173 aexa:SponsorMember aexa:FounderSharesMember 2025-09-23 0002079173 srt:MaximumMember aexa:SponsorMember aexa:FounderSharesMember 2025-09-23 0002079173 us-gaap:CommonClassAMember 2026-05-13 0002079173 us-gaap:CommonClassBMember 2026-05-13 0002079173 us-gaap:RetainedEarningsMember 2025-12-31 0002079173 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0002079173 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0002079173 us-gaap:RetainedEarningsMember 2026-03-31 xbrli:pure xbrli:shares iso4217:USD iso4217:USD xbrli:shares\n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\n \n\nFORM\n\n10-Q\n\n \n\n \n\n(MARK ONE)\n\n☒\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarter ended March 31, 2026\n\n \n\n☐\n\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from    to    \n\nCommission file number:\n001-42866\n\n \n\n \n\nAMERICAN EXCEPTIONALISM ACQUISITION CORP. A\n\n(Exact Name of Registrant as Specified in Its Charter)\n\n \n\n \n\n \n\nCayman Islands\n\n \n\n98-1871331\n\n(State or other jurisdiction of\nincorporation or organization)\n\n \n\n(I.R.S. Employer\nIdentification No.)\n\n \n\n506 Santa Cruz Ave., Suite 300\n\nMenlo Park,\nCA\n\n \n\n94025\n\n(Address of principal executive offices)\n\n \n\n(Zip Code)\n\n(650)\n521-9007\n\n(Issuer’s telephone number)\n\n \n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\n \n\nTrading\n\nSymbol\n\n \n\nName of each exchange\n\non which registered\n\nClass A Ordinary Shares, $0.0001 par value per share\n\n \n\nAEXA\n\n \n\nNew York Stock Exchange\n\n \n\n \n\nIndicate 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 ☒ \n\nNo\n\n ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation\nS-T\n(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a\nnon-accelerated\nfiler, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule\n12b-2of\nthe Exchange Act.\n\n \n\nLarge accelerated filer\n \n☐\n  \nAccelerated filer\n \n☐\n\nNon-accelerated\nfiler\n \n☒\n  \nSmaller reporting company\n \n☒\n\n \n\n  \nEmerging growth company\n \n☒\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in\nRule12b-2of\nthe Exchange Act). Yes ☒ No ☐\n\nAs of May \n13,\n 2026, there were 34,675,000 Class A Ordinary Shares, $0.0001 par value and 14,785,714 Class B Ordinary Shares, $0.0001 par value, issued and outstanding.\n\n \n\n \n\n \n\nAMERICAN EXCEPTIONALISM ACQUISITION CORP. A\n\nFORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026\n\nTABLE OF CONTENTS\n\n \n\n \n  \nPage\n \n\nPart I. Financial Information\n\n  \n\n[Item 1. Interim Financial Statements](#fin116543_1)\n\n  \n\n[Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#fin116543_2)\n\n  \n \n1\n \n\n[Condensed Statement of Operations for the three months ended March 31, 2026 (Unaudited)](#fin116543_3)\n\n  \n \n2\n \n\n[Condensed Statement of Changes in Shareholders’ Deficit for the three months ended March 31, 2026 (Unaudited)](#fin116543_4)\n\n  \n \n3\n \n\n[Condensed Statement of Cash Flows for the three months ended March 31, 2026 (Unaudited)](#fin116543_5)\n\n  \n \n4\n \n\n[Notes to Condensed Financial Statements (Unaudited)](#fin116543_6)\n\n  \n \n5\n \n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#fin116543_7)\n\n  \n \n15\n \n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#fin116543_8)\n\n  \n \n17\n \n\n[Item 4. Controls and Procedures](#fin116543_9)\n\n  \n \n17\n \n\nPart II. Other Information\n\n  \n\n[Item 1. Legal Proceedings](#fin116543_10)\n\n  \n \n18\n \n\n[Item 1A. Risk Factors](#fin116543_11)\n\n  \n \n18\n \n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#fin116543_12)\n\n  \n \n18\n \n\n[Item 3. Defaults Upon Senior Securities](#fin116543_13)\n\n  \n \n18\n \n\n[Item 4. Mine Safety Disclosures](#fin116543_14)\n\n  \n \n18\n \n\n[Item 5. Other Information](#fin116543_15)\n\n  \n \n18\n \n\n[Item 6. Exhibits](#fin116543_16)\n\n  \n \n19\n \n\nPart III. Signatures\n\n  \n \n20\n \n\n \n\ni\n\nPART I - FINANCIAL INFORMATION"}