AMERICAN DRIVE ACQUISITION C ADACW
*W EXP 02/06/203 · Equity WRT · CUSIP G0R91M113
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersWashington, D.C., DC
- FilingsSEC EDGAR
40
institutional holders
+3 vs Q1 2026
6.2m
shares reported held*
$3.9mreported value*
5 new
1 added
1 reduced
2 sold out
net bought ≈ $423.2k (+670.1k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $0.64. Options: 1 managers hold calls ($94.5k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2026 | 37 |
| Q2 2026 | 40 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $94.5k | $0 | 0.00 |
Biggest buyers
| MMCAP International Inc. SPC | New | +333.3k |
| TIG Advisors, LLC | New | +133.3k |
| Kryger Capital LLC | New | +99.8k |
| Shaolin Capital Management LLC | Added | +59.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | New | +50.0k |
| HEIGHTS CAPITAL MANAGEMENT, INC | New | +16.7k |
Biggest sellers
| Clear Street Group Inc. | Reduced | -12.9k |
| GLAZER CAPITAL, LLC | Sold out | -8.3k |
| PenderFund Capital Management Ltd. | Sold out | -1.7k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | New | $94.5k150.0k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Harraden Circle Investments, LLC 0.05% of their portfolio | 621.9k $391.8k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 416.7k $262.5k | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 377.8k $238.0k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 357.5k $203.8k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 338.9k $247.8k | Unchanged |
| MMCAP International Inc. SPC 0.02% of their portfolio | 333.3k $210.0k | New |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 333.3k $210.0k | Unchanged |
| Alberta Investment Management Corp 0.00% of their portfolio | 333.3k $210.0k | Unchanged |
| Magnetar Financial LLC 0.00% of their portfolio | 333.3k $210.0k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 250.0k $157.5k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 220.0k $138.6k | Unchanged |
| Radcliffe Capital Management, L.P. 0.01% of their portfolio | 200.0k $146.2k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 178.7k $112.6k | Unchanged |
| HBK INVESTMENTS L P 0.00% of their portfolio | 166.7k $105.0k | Unchanged |
| Linden Advisors LP 0.00% of their portfolio | 166.7k $121.8k | Unchanged |
| Shaolin Capital Management LLC 0.01% of their portfolio | 150.9k $95.1k | Added +59.9k |
| Context Capital Management, LLC 0.00% of their portfolio | 133.3k $84.0k | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio | 133.3k $76.0k | Unchanged |
| TIG Advisors, LLC 0.00% of their portfolio | 133.3k $84.0k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 116.7k $73.5k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 105.3k $66.3k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 100.0k $63.0k | Unchanged |
| Mint Tower Capital Management B.V. 0.01% of their portfolio | 100.0k $63.0k | Unchanged |
| Kryger Capital LLC 0.00% of their portfolio | 99.8k $62.9k | New |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 66.7k $42.0k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 53.0k $33.4k | Reduced -12.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 50.0k $31.5k | New |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 33.3k $21.0k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 33.3k $21.0k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.00% of their portfolio | 33.3k $21.0k | Unchanged |
| Governors Lane LP 0.00% of their portfolio | 33.3k $21.0k | Unchanged |
| DLD Asset Management, LP 0.00% of their portfolio | 33.3k $21.0k | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 33.2k $20.9k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 25.0k $10.2k | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 16.7k $10.5k | Unchanged |
| HEIGHTS CAPITAL MANAGEMENT, INC 0.00% of their portfolio | 16.7k $10.5k | New |
| ABC ARBITRAGE SA 0.00% of their portfolio | 13.3k $8.4k | Unchanged |
| HGC Investment Management Inc. 0.00% of their portfolio | 12.1k $7.6k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 10.0k $6.3k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.2k $2.0k | Unchanged |