{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-124916","form_type":"8-K","ticker":"ADAC","cik":"0002083002","company_name":"American Drive Acquisition Co","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.574448+00:00","generated_at":"2026-05-16T12:10:47.793583+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"American Drive Acquisition closes $230M SPAC IPO; $230M placed in trust","bullets":["IPO of 23,000,000 units at $10.00/unit raised $230,000,000 in gross proceeds.","Private placement of 4,000,000 warrants at $1.50/warrant to sponsor and Cantor Fitzgerald raised $6,000,000.","Net proceeds of $230,000,000 deposited into trust account; 24-month deadline to complete initial business combination.","Underwriters' over-allotment option exercised in full for 3,000,000 additional units.","Audited balance sheet as of December 19, 2025 filed; company has $1.73M cash outside trust."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-124916","json":"https://secwatch.observer/filing/0001104659-25-124916.json","markdown":"https://secwatch.observer/filing/0001104659-25-124916.md","text":"https://secwatch.observer/filing/0001104659-25-124916.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2083002/000110465925124916/0001104659-25-124916-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2083002/000110465925124916/tm2534036d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:10:47.793583+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}