secwatch.observer — SEC 8-K summary
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Issuer:     American Drive Acquisition Co (ADAC)
CIK:        0002083002
Form:       8-K/A
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001104659-26-000809
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Drive Acquisition completes $230M IPO; trust funded with $230M
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- IPO of 23M units at $10/unit raised $230M gross; full over-allotment exercised.
- Private placement of 4M warrants at $1.50 to sponsor and Cantor raised $6M gross.
- Trust account funded with $230M; audited balance sheet shows $231.7M total assets.
- Transaction costs $14.4M; working capital outside trust $1.33M as of IPO date.
- Company has 24 months to complete business combination; focus on defense, logistics, technology.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2083002/000110465926000809/0001104659-26-000809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2083002/000110465926000809/tm261897d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-000809

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