American Drive Acquisition Company (ADACU) Prices $200M IPO
American Drive Acquisition Company (NASDAQ:ADACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ADACU”, Thursday, December 17, 2025.
The new SPAC intends to combine with an American company in the defense, logistics, transportation, technology and AI sectors.
American Drive is to be led by Chairman Justin Connor, Chief Executive Officer Anthony Eisenberg and Chief Financial Officer Jason Chryssicas. Bryan Dove, Ron Goldie and Theo Osborne will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 140. This offering is expected to close on Friday, December 18, 2025.
Cantor Fitzgerald is acting as the sole book-running manager for the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
