ADAC · American Drive Acquisition Co
Substantial doubt about the company's ability to continue as a going concern.
“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.”View the 10-Q filed May 15, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-02-06 | Petit Monts LLC |
10% Owner |
Sell↓
Filing footnotes — Class B ordinary shares (Direct)
As described in American Drive Acquisition Company's (the "Issuer") registration statement on Form S-1 (File No. 333-290625), the Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment. On February 6, 2026, Petit Monts LLC sold 25,000 Class B ordinary shares to Nitin Kumar for $108.70, or approximately $0.004 per share, in connection with Mr. Kumar's appointment to the board of directors of the Issuer. |
Class B ordinary shares
|
25,000 |
| 2025-12-17 | Eisenberg Anthony D. |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2025-12-17 | Chryssicas Jason |
Director, Chief Financial Officer |
Other↑
|
No Securities Owned
|
0 |
| 2025-12-17 | CONNOR JUSTIN |
Director, Chairman |
Other↑
|
No Securities Owned
|
0 |