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American Drive Acquisition Co

corporate_fare Company Profile

American Drive Acquisition Co

ADAC·NASDAQ·Industrials·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 Industrials sector. Wiseek monitors ADAC SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

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
$10.07
Market cap
$289.51M
Volume
12.2K (0.7× avg)
3-mo avg 18.5K
Live data · 2026-07-06 04:59 UTC · Market overnight

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