Core Points - American Drive Acquisition Company has priced its initial public offering (IPO) at $10.00 per unit, with a total of 20,000,000 units being offered [1] - The units will be listed on the Nasdaq Global Market under the ticker symbol "ADACU" starting December 18, 2025, and the offering is expected to close on December 19, 2025 [1] - Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50 [1] Company Focus - The Company intends to pursue business combinations across various sectors but will primarily focus on American companies in defense, logistics, transportation, technology, and AI [2] - The management team aims to leverage its global relationships and sector expertise to identify and operate beneficial business opportunities [2] Underwriting and Prospectus - Cantor Fitzgerald & Co. is the sole book-running manager for the offering and has a 45-day option to purchase an additional 3,000,000 units to cover over-allotments [3] - The public offering is being conducted solely through a prospectus, which will be available from Cantor Fitzgerald & Co. [4]
American Drive Acquisition Company Announces Pricing of $200 Million Initial Public Offering