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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