neutral
7h agoAmerican Drive Acquisition SPAC Targets US Auto Deals with $200 Million Float
American Drive Acquisition Co., a SPAC focused on automotive and mobility assets, is targeting a $200 million raise with an IPO of 20 million units at $10 each. The company has no operating revenue yet but aims to complete a business combination in the automotive ecosystem. The SPAC will offer investors exposure to future opportunities in the automotive and mobility sectors.
Companies:
- American Drive Acquisition
Tags:
- ipo
- stocks
neutral
7h agoAmerican Drive Acquisition SPAC Targets US Auto Deals with $200 Million Float
American Drive Acquisition Co., a SPAC focused on automotive and mobility assets, is targeting a $200 million raise with an IPO of 20 million units at $10 each. The company has no operating revenue yet but aims to complete a business combination in the automotive ecosystem. The SPAC will offer investors exposure to future opportunities in the automotive and mobility sectors.
Companies:
- American Drive Acquisition
Tags:
- ipo
- stocks
1 min read
61 words
American Drive Acquisition SPAC plans to raise $200 million through its IPO, targeting future automotive and mobility deals in the U.S. with no current revenue.
American Drive Acquisition Co., a SPAC focused on automotive and mobility assets, is targeting a $200 million raise with an IPO of 20 million units at $10 each. The company has no operating revenue yet but aims to complete a business combination in the automotive ecosystem. The SPAC will offer investors exposure to future opportunities in the automotive and mobility sectors.
American Drive Acquisition Co., a SPAC focused on automotive and mobility assets, is targeting a $200 million raise with an IPO of 20 million units at $10 each. The company has no operating revenue yet but aims to complete a business combination in the automotive ecosystem. The SPAC will offer investors exposure to future opportunities in the automotive and mobility sectors.
Companies:
- American Drive Acquisition
Tags:
- ipo
- stocks
- ipo
- stocks
- SPAC
- automotive
- mobility
- US market
Dec 18, 2025 • 16:31