ADAC · American Drive Acquisition Co · Holdings
$10.09
+0.00 (+0.00%)
At close · Sep 11
Going-concern doubt
— flagged Aug 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company's assessment of going concern considerations in accordance with FASB ASC Topic 205-40, "Presentation of Financial Statements—Going Concern", management has determined that the Company currently lacks the liquidity it needs to sustain operations for a reasonable period of time, which is considered to be at least one year from the date that the accompanying unaudited condensed financial statements are issued as it expects to continue to incur significant costs in pursuit of its acquisition plans. In addition, management has determined that if the Company is unable to complete an initial Business Combination within the Completion Window, then the Company will cease all operations except for the purpose of liquidating. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management plans to consummate an initial Business Combination prior to the end of the Completion Window. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after December 19, 2027. There can be no assurance that the Company's plans to raise capital or to consummate an initial Business Combination will be successful.”View the 10-Q filed Aug 14, 2026
Market Cap
$290.09M
Shares
28.75M
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Holders: 66
Total Value: $219,986,460
Total Shares: 28,030,531
Showing 1–100
of 104 holdings by value
· page 1 of 2
Institutional Ownership Trend
3 quarters
Holder Concentration
Across 66 13F filers · Δ vs Mar 31, 2026Top Holder
5.7%
+0.1 pts
Top 5
25.5%
+0.3 pts
Top 10
46.1%
+0.6 pts
HHI
315
Broadly held+8
Quarterly Activity
vs Mar 31, 2026
New
2
Increased
9
Decreased
10
Sold Out
5
Unchanged
45
Holder count:
-3
Institutional value:
-0.3%
Shares held:
+1.1%
Top Buyers
vs Mar 31, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mid MMCAP International Inc. SPC | +333,333 | 1,333,333 | |
| Mega MILLENNIUM MANAGEMENT LLC | +149,999 | 599,999 | |
| Mid TIG Advisors, LLC | +133,330 | 533,330 | |
| Mid Kryger Capital LLC | +94,765 | 394,091 | |
| Mid GLAZER CAPITAL, LLC | +28,541 | 443,188 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Small Context Capital Management, LLC | −133,333 | 400,000 | |
| Small CSS LLC/IL | −97,799 | 15,899 | |
| Large Clear Street Group Inc. | −68,601 | 217,703 | |
| Small K2 PRINCIPAL FUND, L.P. | −50,000 | 83,333 | |
| Small ABC ARBITRAGE SA | −18,333 | 35,000 |
Top New Positions
vs Mar 31, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Large COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 300,000 | $3,006,000 | |
| Mid MANGROVE PARTNERS IM, LLC | 42,317 | $424,016 |
Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Small SYQUANT CAPITAL SAS | 200,000 | $1,998,000 | |
| Large Calamos Advisors LLC | 197,792 | $1,975,942 | |
| Small DELTEC ASSET MANAGEMENT LLC | 24,950 | $247,005 | |
| Small Tuttle Capital Management, LLC | 20,000 | $199,800 | |
| Small FNY Investment Advisers, LLC | 420 | $4,195 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Large ADAGE CAPITAL PARTNERS GP, L.L.C. | $12,525,000 | 5.69% | 1,250,000 | Shares | 2026-08-14 | |
| Mid TENOR CAPITAL MANAGEMENT Co., L.P. | $12,525,000 | 5.69% | 1,250,000 | Shares | 2026-08-14 | |
| Mid AQR Arbitrage LLC | $10,746,389 | 4.89% | 1,072,494 | Shares | 2026-08-14 | |
| Mid ARISTEIA CAPITAL, L.L.C. | $10,188,336 | 4.63% | 1,016,800 | Shares | 2026-08-14 | |
| Mid MMCAP International Inc. SPC | $10,020,000 | 4.55% | 1,000,000 | Shares | 2026-08-14 | |
| Mid Polar Asset Management Partners Inc. | $10,020,000 | 4.55% | 1,000,000 | Shares | 2026-08-14 | |
| Mid Alberta Investment Management Corp | $10,020,000 | 4.55% | 1,000,000 | Shares | 2026-08-06 | |
| Mid Magnetar Financial LLC | $10,019,899 | 4.55% | 999,990 | Shares | 2026-08-14 | |
| Small HGC Investment Management Inc. | $7,879,858 | 3.58% | 786,413 | Shares | 2026-08-14 | |
| Large PICTON MAHONEY ASSET MANAGEMENT | $7,515,000 | 3.42% | 750,000 | Shares | 2026-08-13 | |
| Large HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Pension | $6,613,200 | 3.01% | 660,000 | Shares | 2026-08-13 | |
| Mega D. E. Shaw & Co., Inc. | $6,108,943 | 2.78% | 609,675 | Shares | 2026-08-14 | |
| Small Radcliffe Capital Management, L.P. | $6,012,000 | 2.73% | 600,000 | Shares | 2026-08-14 | |
| Mega BNP PARIBAS ARBITRAGE, SA | $5,370,669 | 2.44% | 535,995 | Shares | 2026-08-13 | |
| Large LMR Partners LLP ADACU | $5,115,000 | 2.33% | 500,000 | Shares | 2026-08-14 | |
| Mid BlueCrest Capital Management Ltd ADACU | $5,115,000 | 2.33% | 500,000 | Shares | 2026-08-14 | |
| Mid HBK INVESTMENTS L P | $5,010,010 | 2.28% | 500,001 | Shares | 2026-08-14 | |
| Mid Ghisallo Capital Management LLC | $5,010,000 | 2.28% | 500,000 | Shares | 2026-08-14 | |
| Mid Linden Advisors LP | $5,010,000 | 2.28% | 500,000 | Shares | 2026-08-14 | |
| Mid SONA ASSET MANAGEMENT (US) LLC | $4,840,571 | 2.20% | 483,091 | Shares | 2026-08-14 | |
| Mega MILLENNIUM MANAGEMENT LLC | $4,509,000 | 2.05% | 450,000 | Shares | 2026-08-14 | |
| Mid GLAZER CAPITAL, LLC | $4,434,230 | 2.02% | 442,538 | Shares | 2026-08-17 | |
| Large OMERS ADMINISTRATION Corp ADACU | $4,092,000 | 1.86% | 400,000 | Shares | 2026-08-13 | |
| Small Context Capital Management, LLC | $4,008,000 | 1.82% | 400,000 | Shares | 2026-07-23 | |
| Mid TIG Advisors, LLC | $4,008,000 | 1.82% | 400,000 | Shares | 2026-08-14 | |
| Mega TWO SIGMA INVESTMENTS, LP | $3,632,250 | 1.65% | 362,500 | Shares | 2026-08-14 | |
| Large COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $3,006,000 | 1.37% | 300,000 | Shares | 2026-07-17 | |
| Small Mint Tower Capital Management B.V. | $3,006,000 | 1.37% | 300,000 | Shares | 2026-08-18 | |
| Mid WHITEBOX ADVISORS LLC | $3,006,000 | 1.37% | 300,000 | Shares | 2026-08-14 | |
| Mid Kryger Capital LLC | $2,949,046 | 1.34% | 294,316 | Shares | 2026-08-14 | |
| Large PEAK6 LLC ADACU | $2,705,057 | 1.23% | 264,424 | Shares | 2026-08-13 | |
| Mid WOLVERINE ASSET MANAGEMENT LLC | $2,006,204 | 0.91% | 200,220 | Shares | 2026-08-10 | |
| Micro L1 Global Manager Pty Ltd | $2,004,000 | 0.91% | 200,000 | Shares | 2026-08-13 | |
| Small Shaolin Capital Management LLC | $1,865,944 | 0.85% | 186,222 | Shares | 2026-08-14 | |
| Mega JPMORGAN CHASE & CO | $1,756,766 | 0.80% | 175,326 | Shares | 2026-08-12 | |
| Mid Westchester Capital Management, LLC ADACU | $1,534,498 | 0.70% | 150,000 | Shares | 2026-08-14 | |
| Large Clear Street Group Inc. | $1,232,890 | 0.56% | 123,043 | Shares | 2026-08-12 | |
| Mid MOORE CAPITAL MANAGEMENT, LP | $1,002,000 | 0.46% | 100,000 | Shares | 2026-08-14 | |
| Small DLD Asset Management, LP | $1,002,000 | 0.46% | 100,000 | Shares | 2026-08-13 | |
| Mid Governors Lane LP | $1,002,000 | 0.46% | 100,000 | Shares | 2026-08-14 | |
| Mid Centiva Capital, LP | $1,002,000 | 0.46% | 100,000 | Shares | 2026-08-13 | |
| Large MARSHALL WACE, LLP | $1,001,999 | 0.46% | 100,000 | Shares | 2026-08-13 | |
| Large Hudson Bay Capital Management LP | $1,001,989 | 0.46% | 99,999 | Shares | 2026-08-14 | |
| Small Periscope Capital Inc. | $997,992 | 0.45% | 99,600 | Shares | 2026-08-11 | |
| Mid RIVERNORTH CAPITAL MANAGEMENT, LLC | $751,500 | 0.34% | 75,000 | Shares | 2026-08-14 | |
| Large TORONTO DOMINION BANK Bank ADACU | $538,098 | 0.24% | 52,600 | Shares | 2026-08-14 | |
| Micro Kepos Capital LP | $521,050 | 0.24% | 52,001 | Shares | 2026-08-13 | |
| Small Stoic Point Capital Management LLC ADACU | $518,026 | 0.24% | 50,638 | Shares | 2026-08-14 | |
| Mid PRELUDE CAPITAL MANAGEMENT, LLC ADACU | $518,026 | 0.24% | 50,638 | Shares | 2026-08-14 | |
| Small Lineage Point Capital LP ADACU | $514,701 | 0.23% | 50,313 | Shares | 2026-08-14 | |
| Small K2 PRINCIPAL FUND, L.P. | $501,000 | 0.23% | 50,000 | Shares | 2026-08-07 | |
| Large STATE OF WISCONSIN INVESTMENT BOARD | $501,000 | 0.23% | 50,000 | Shares | 2026-08-14 | |
| Small HEIGHTS CAPITAL MANAGEMENT, INC | $501,000 | 0.23% | 50,000 | Shares | 2026-08-14 | |
| Large Clear Street Group Inc. ADACU | $425,885 | 0.19% | 41,631 | Shares | 2026-08-12 | |
| Mid MANGROVE PARTNERS IM, LLC | $424,016 | 0.19% | 42,317 | Shares | 2026-08-14 | |
| Small ABC ARBITRAGE SA | $350,700 | 0.16% | 35,000 | Shares | 2026-07-20 | |
| Mid Quarry LP ADACU | $255,750 | 0.12% | 25,000 | Shares | 2026-08-14 | |
| Small RLH Capital LLC ADACU | $255,750 | 0.12% | 25,000 | Shares | 2026-08-10 | |
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP ADACU | $255,750 | 0.12% | 25,000 | Shares | 2026-08-14 | |
| Mid Karpus Management, Inc. | $220,440 | 0.10% | 22,000 | Shares | 2026-08-14 | |
| Small PenderFund Capital Management Ltd. | $166,843 | 0.08% | 16,651 | Shares | 2026-08-17 | |
| Small CSS LLC/IL | $159,307 | 0.07% | 15,899 | Shares | 2026-08-14 | |
| Large TORONTO DOMINION BANK Bank | $149,298 | 0.07% | 14,900 | Shares | 2026-08-14 | |
| Mega UBS Group AG ADACU | $20,521 | 0.01% | 2,006 | Shares | 2026-08-13 | |
| Mid GLAZER CAPITAL, LLC ADACU | $6,649 | 0.00% | 650 | Shares | 2026-08-17 | |
| Mega MORGAN STANLEY | $410 | 0.00% | 41 | Shares | 2026-08-13 | |
| Small Mint Tower Capital Management B.V. ADACW | — | — | 100,000 | Shares | 2026-08-18 | |
| Mid MOORE CAPITAL MANAGEMENT, LP ADACW | — | — | 33,333 | Shares | 2026-08-14 | |
| Mid Kryger Capital LLC ADACW | — | — | 99,775 | Shares | 2026-08-14 | |
| Small Radcliffe Capital Management, L.P. ADACW | — | — | 199,998 | Shares | 2026-08-14 | |
| Mid SONA ASSET MANAGEMENT (US) LLC ADACW | — | — | 133,331 | Shares | 2026-08-14 | |
| Small HEIGHTS CAPITAL MANAGEMENT, INC ADACW | — | — | 16,666 | Shares | 2026-08-14 | |
| Mega MILLENNIUM MANAGEMENT LLC ADACW | — | — | 149,999 | Call | 2026-08-14 | |
| Large STATE OF WISCONSIN INVESTMENT BOARD ADACW | — | — | 16,666 | Shares | 2026-08-14 | |
| Mid Linden Advisors LP ADACW | — | — | 166,665 | Shares | 2026-08-14 | |
| Mid HBK INVESTMENTS L P ADACW | — | — | 166,667 | Shares | 2026-08-14 | |
| Mega BNP PARIBAS ARBITRAGE, SA ADACW | — | — | 178,665 | Shares | 2026-08-13 | |
| Mid ARISTEIA CAPITAL, L.L.C. ADACW | — | — | 338,932 | Shares | 2026-08-14 | |
| Mega D. E. Shaw & Co., Inc. ADACW | — | — | 116,666 | Shares | 2026-08-14 | |
| Mid AQR Arbitrage LLC ADACW | — | — | 357,495 | Shares | 2026-08-14 | |
| Mid Magnetar Financial LLC ADACW | — | — | 333,330 | Shares | 2026-08-14 | |
| Large Hudson Bay Capital Management LP ADACW | — | — | 33,333 | Shares | 2026-08-14 | |
| Large PICTON MAHONEY ASSET MANAGEMENT ADACW | — | — | 249,999 | Shares | 2026-08-13 | |
| Mid WHITEBOX ADVISORS LLC ADACW | — | — | 100,000 | Shares | 2026-08-14 | |
| Small Periscope Capital Inc. ADACW | — | — | 33,200 | Shares | 2026-08-11 | |
| Mid MMCAP International Inc. SPC ADACW | — | — | 333,333 | Shares | 2026-08-14 | |
| Mid TIG Advisors, LLC ADACW | — | — | 133,330 | Shares | 2026-08-14 | |
| Mid RIVERNORTH CAPITAL MANAGEMENT, LLC ADACW | — | — | 25,000 | Shares | 2026-08-14 | |
| Small K2 PRINCIPAL FUND, L.P. ADACW | — | — | 33,333 | Shares | 2026-08-07 | |
| Small HGC Investment Management Inc. ADACW | — | — | 12,137 | Shares | 2026-08-14 | |
| Large HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Pension ADACW | — | — | 220,000 | Shares | 2026-08-13 | |
| Large TORONTO DOMINION BANK Bank ADACW | — | — | 10,000 | Shares | 2026-08-14 | |
| Mid Polar Asset Management Partners Inc. ADACW | — | — | 333,333 | Shares | 2026-08-14 | |
| Large ADAGE CAPITAL PARTNERS GP, L.L.C. ADACW | — | — | 377,778 | Shares | 2026-08-14 | |
| Large Parallax Volatility Advisers, L.P. ADACW | — | — | 105,283 | Shares | 2026-08-14 | |
| Small DLD Asset Management, LP ADACW | — | — | 33,332 | Shares | 2026-08-13 | |
| Small Shaolin Capital Management LLC ADACW | — | — | 150,889 | Shares | 2026-08-14 | |
| Mid Alberta Investment Management Corp ADACW | — | — | 333,333 | Shares | 2026-08-06 | |
| Mid WOLVERINE ASSET MANAGEMENT LLC ADACW | — | — | 66,666 | Shares | 2026-08-10 | |
| Mid TENOR CAPITAL MANAGEMENT Co., L.P. ADACW | — | — | 416,666 | Shares | 2026-08-14 |
Key facts
CIK
2083002
CUSIP
G0R91M105
13F (30d)
42 filings
42 filers