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American Drive Acquisition Co

corporate_fare Company Profile

American Drive Acquisition Co

ADAC·NASDAQ·Real Estate & Construction·CIK 0002083002

American Drive Acquisition Company is a blank check company incorporated on July 15, 2025, in the Cayman Islands. Its purpose is to complete a business combination, such as a merger, acquisition, or reorganization, with one or more businesses. The company may pursue an initial business combination in any industry, but it expects to focus on American companies in the defense, logistics, transportation, technology, and AI sectors. The company has not generated any revenues to date and does not expect to generate operating revenues until it completes its initial business combination. On December 19, 2025, the company completed its initial public offering of 23,000,000 units, including the full exercise of the underwriters' over-allotment option, at $10.00 per unit. Each unit consisted of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A Ordinary Share for $11.50 per share, generating gross proceeds of $230,000,000. Concurrently, the company sold 4,000,000 private placement warrants, each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.50 per warrant, generating gross proceeds of $6,000,000.

American Drive Acquisition Co (NASDAQ:ADAC) is a publicly traded company in the Real Estate & Construction sector. Wiseek has independently scored 1 item for ADAC at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-14, rated 8/10. Recent SEC coverage for ADAC spans 10-Q.

Recent high-impact activity:

  • SPAC Flags Going Concern as Cash Dwindles to $845K

Financial Snapshot

Fiscal year ended December 31, 2025
Cash & Equivalents
$1.41M
Debt / Equity
0.00×
Source: 10-K · filed 2026-03-30 · accession 0001104659-26-037084

Short Interest & Short Volume

1.06 days to cover

FINRA reported short interest of 6,115 shares in ADAC as of the September 15, 2026 settlement, a 1.9% decrease from the prior period — about 1.1 days to cover at its recent average daily volume. On September 29, 2026, 100.0% of ADAC volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)6,115 shares as of September 15, 2026
Change vs prior period▼ 1.9%
Days to cover1.06 at avg daily volume of 5,747
Daily short volume (FINRA facilities)100.0% of 2 shares on September 29, 2026

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

$10.15 +0.03% today
52-week range · as of 2026-08-14 $9.85 – $10.73
Market cap
$291.81M
Volume
120 (0.0× avg)
3-mo avg 36.4K
Live data · 2026-10-05 02:49 UTC · Market closed

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feed ADAC - Latest Insights

ADAC
Aug 14, 2026, 4:10 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $10.10
Real-time Price: $10.15 info
Change: Low Volume info
Market Cap: $291.812M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets