American Drive Acquisition Co Units

ADACU

Market cap $200M

NEW YORK, Feb. 6, 2026 /PRNewswire/ -- American Drive Acquisition Company (Nasdaq: ADACU) (the "Company") today announced that, commencing on February 9, 2026, holders of the units (the "Units") sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares (the "Ordinary Shares") and warrants (the "Warrants") included in the Units. The Ordinary Shares and Warrants received from the separated Units will trade on the Nasdaq Global Market ("Nasdaq") under the symbols "ADAC" and "ADACW", respectively.

WASHINGTON , Dec. 19, 2025 /PRNewswire/ -- American Drive Acquisition Company (the "Company"), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, announced the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit on December 19, 2025, which includes the exercise in full by the underwriters of their overallotment option to purchase an additional 3,000,000 units. Total gross proceeds from the offering were $230 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.