American Drive Acquisition Co ADAC
American Drive Acquisition Company (the "Company") is a blank check company incorporated on July 15, 2025, as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this Annual Report as our "business combination" or "initial business combination," with one or more businesses or entities, which we refer to throughout this Annual Report as a "target business" or "target businesses". We may pursue an initial business combination in any business or industry but we expect to focus on a target in industries that complement our management team's background, and to capitalize on the ability of our management team to identify and acquire a business, focusing on American companies in the defense, logistics, transportation, technology and AI sectors. We believe our team's expertise in these sectors will provide us with a significant competitive advantage in sourcing and evaluating potential targets.
Valuation FY2025 figures against the last close
Annual financial statements
Balance sheet
| Fiscal year | FY2025 |
|---|---|
| Cash and equivalents | $1.4M |
| Total current assets | $1.4M |
| Total assets | $231.6M |
| Total current liabilities | $109.7K |
| Total liabilities | $9.9M |
| Retained earnings | -$8.3M |
| Total equity | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-037084.
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Recent filings and events
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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