---
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"
generated_at: "2026-05-16T12:10:47.793583+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# American Drive Acquisition closes $230M SPAC IPO; $230M placed in trust

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-124916
- JSON: https://secwatch.observer/filing/0001104659-25-124916.json
- Plain text: https://secwatch.observer/filing/0001104659-25-124916.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.