Here are the 10-K annual reports from American Drive Acquisition Company (ADAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ADAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADAC filings page.
American Drive Acquisition Company is a Cayman Islands blank check company formed to complete a merger or similar business combination, focusing on U.S. defense, logistics, transportation, technology and AI sectors. It completed an IPO of 23,000,000 units at $10.00 each, raising $230,000,000.
Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. IPO proceeds, plus private placement warrant proceeds, funded a $230,000,000 trust account to be used for a future acquisition or returned to public shareholders at about $10.00 per share if no deal closes by December 19, 2027.
As of March 27, 2026, 23,000,000 Class A and 5,750,000 Class B ordinary shares were outstanding. The company qualifies as an emerging growth and smaller reporting company and outlines detailed shareholder redemption mechanics, sponsor protections, and SPAC-specific governance, including Class B control over director elections before a business combination.