Vault-13

AMERICAN DRIVE ACQUISITION C ADACU

UNIT 12/04/2030 · Unit · CUSIP G0R91M121

66 institutional holders
22,296,61422.3m shares reported held*
$222.4mreported value*

* 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 ≈ $9.98.

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. New +1,250,000+1.2m
ADAGE CAPITAL PARTNERS GP, L.L.C. New +1,250,000+1.2m
AQR Arbitrage LLC New +1,064,004+1.1m
ARISTEIA CAPITAL, L.L.C. New +1,016,800+1.0m
Polar Asset Management Partners Inc. New +1,000,000+1.0m
MMCAP International Inc. SPC New +1,000,000+1.0m
Magnetar Financial LLC New +1,000,000+1.0m
Alberta Investment Management Corp New +1,000,000+1.0m
PICTON MAHONEY ASSET MANAGEMENT New +750,000+750.0k
HGC Investment Management Inc. New +750,000+750.0k

Biggest sellers

None

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
TENOR CAPITAL MANAGEMENT Co., L.P. 13G · passive investor new · filed 2025-12-22 6.3% new 1.2m≈ $12.8m 2025-12-22
Adage Capital Management, L.P. 13G · institution new · filed 2026-02-12 5.4% new 1.2m≈ $12.8m 2026-02-12

Fell to 5% or below in the last year: MMCAP International Inc. SPC (4.4%, 2026-02-13)

Insider purchases and sales in Q4 2025

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 in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 1,250,0001.2m $12.5m $12.5m 0.02% New
2 TENOR CAPITAL MANAGEMENT Co., L.P. 0.18% of their portfolio NEW YORK, NY 1,250,0001.2m $12.5m $12.5m 0.18% New
3 AQR Arbitrage LLC 0.22% of their portfolio Greenwich, CT 1,064,0041.1m $10.6m $10.6m 0.22% New
4 ARISTEIA CAPITAL, L.L.C. 0.29% of their portfolio GREENWICH, CT 1,016,8001.0m $10.1m $10.1m 0.29% New
5 MMCAP International Inc. SPC 1.00% of their portfolio GRAND CAYMAN, E9 1,000,0001.0m $10.0m $10.0m 1.00% New
6 Polar Asset Management Partners Inc. 0.20% of their portfolio TORONTO, A6 1,000,0001.0m $10.0m $10.0m 0.20% New
7 Magnetar Financial LLC 0.10% of their portfolio EVANSTON, IL 1,000,0001.0m $10.0m $10.0m 0.10% New
8 Alberta Investment Management Corp 0.06% of their portfolio EDMONTON, A0 1,000,0001.0m $10.0m $10.0m 0.06% New
9 PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio Toronto, A6 750,000750.0k $7.5m $7.5m 0.08% New
10 HGC Investment Management Inc. 1.59% of their portfolio TORONTO, A6 750,000750.0k $7.5m $7.5m 1.59% New
11 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 660,000660.0k $6.6m $6.6m 0.01% New
12 Radcliffe Capital Management, L.P. 0.33% of their portfolio BALA CYNWYD, PA 600,000600.0k $6.0m $6.0m 0.33% New
13 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 535,996536.0k $5.4m $5.4m 0.00% New
14 HBK INVESTMENTS L P 0.05% of their portfolio DALLAS, TX 500,000500.0k $5.0m $5.0m 0.05% New
15 Linden Advisors LP 0.03% of their portfolio New York, NY 500,000500.0k $5.0m $5.0m 0.03% New
16 LMR Partners LLP 0.05% of their portfolio LONDON, X0 500,000500.0k $5.0m $5.0m 0.05% New
17 BlueCrest Capital Management Ltd 0.19% of their portfolio ST HELIER, Y9 500,000500.0k $5.0m $5.0m 0.19% New
18 Ghisallo Capital Management LLC 0.22% of their portfolio BOSTON, MA 500,000500.0k $5.0m $5.0m 0.22% New
19 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 450,000450.0k $4.5m $4.5m 0.00% New
20 OMERS ADMINISTRATION Corp 0.03% of their portfolio TORONTO, A6 400,000400.0k $4.0m $4.0m 0.03% New
21 GLAZER CAPITAL, LLC 0.10% of their portfolio New York, NY 400,000400.0k $4.0m $4.0m 0.10% New
22 Context Capital Management, LLC 0.10% of their portfolio LAJOLLA, CA 400,000400.0k $4.0m $4.0m 0.10% New
23 TIG Advisors, LLC 0.19% of their portfolio New York, NY 400,000400.0k $4.0m $4.0m 0.19% New
24 First Trust Capital Management L.P. 0.23% of their portfolio CHICAGO, IL 386,399386.4k $3.9m $3.9m 0.23% New
25 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 362,500362.5k $3.6m $3.6m 0.01% New
26 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 350,000350.0k $3.5m $3.5m 0.00% New
27 Shaolin Capital Management LLC 0.13% of their portfolio Miami, FL 350,000350.0k $3.5m $3.5m 0.13% New
28 WHITEBOX ADVISORS LLC 0.05% of their portfolio MINNEAPOLIS, MN 300,000300.0k $3.0m $3.0m 0.05% New
29 Mint Tower Capital Management B.V. 0.36% of their portfolio AMSTERDAM, P7 300,000300.0k $3.0m $3.0m 0.36% New
30 KRYGER CAPITAL Ltd 0.23% of their portfolio LONDON, X0 295,000295.0k $2.9m $2.9m 0.23% New
31 CSS LLC/IL 0.14% of their portfolio CHICAGO, IL 250,000250.0k $2.5m $2.5m 0.14% New
32 PEAK6 LLC 0.03% of their portfolio AUSTIN, TX 206,658206.7k $2.1m $2.1m 0.03% New
33 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 203,494203.5k $2.0m $2.0m 0.01% New
34 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 200,000200.0k $2.0m $2.0m 0.03% New
35 Saba Capital Management, L.P. 0.07% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 0.07% New
36 SYQUANT CAPITAL SAS 0.24% of their portfolio PARIS, I0 200,000200.0k $2.0m $2.0m 0.24% New
37 L1 Global Manager Pty Ltd 1.30% of their portfolio Melbourne, C3 200,000200.0k $2.0m $2.0m 1.30% First filing
38 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 197,792197.8k $2.0m $2.0m 0.01% New
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 175,325175.3k $1.8m $1.8m 0.00% New
40 Sculptor Capital LP 0.02% of their portfolio New York, NY 150,000150.0k $1.5m $1.5m 0.02% New
41 Westchester Capital Management, LLC 0.07% of their portfolio VALHALLA, NY 150,000150.0k $1.5m $1.5m 0.07% New
42 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 100,000100.0k $999.0k $999.0k 0.00% New
43 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 100,000100.0k $999.0k $999.0k 0.01% New
44 MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio NEW YORK, NY 100,000100.0k $997.0k $997.0k 0.02% New
45 K2 PRINCIPAL FUND, L.P. 0.10% of their portfolio TORONTO, A6 100,000100.0k $997.0k $997.0k 0.10% New
46 DLD Asset Management, LP 0.10% of their portfolio NEW YORK, NY 100,000100.0k $997.0k $997.0k 0.10% New
47 Governors Lane LP 0.09% of their portfolio NEW YORK, NY 100,000100.0k $997.0k $997.0k 0.09% New
48 Centiva Capital, LP 0.06% of their portfolio New York, NY 100,000100.0k $999.0k $999.0k 0.06% New
49 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.04% of their portfolio WEST PALM BEACH, FL 75,00075.0k $747.8k $747.8k 0.04% New
50 Virtu Financial LLC 0.02% of their portfolio New York, NY 51,86551.9k $518.0k $518.0k 0.02% New
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 50,10050.1k $499.0k $499.0k 0.00% New
52 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 50,00050.0k $498.5k $498.5k 0.00% New
53 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 50,00050.0k $498.5k $498.5k 0.00% New
54 HEIGHTS CAPITAL MANAGEMENT, INC 0.19% of their portfolio SAN FRANCISCO, CA 50,00050.0k $499.5k $499.5k 0.19% New
55 PRELUDE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 50,00050.0k $498.5k $498.5k 0.04% New
56 Periscope Capital Inc. 0.10% of their portfolio Toronto, A6 50,00050.0k $498.5k $498.5k 0.10% New
57 Stoic Point Capital Management LLC 0.42% of their portfolio PALO ALTO, CA 50,00050.0k $498.5k $498.5k 0.42% First filing
58 Lineage Point Capital LP 0.19% of their portfolio PALM BEACH, FL 50,00050.0k $498.5k $498.5k 0.19% First filing
59 ABC ARBITRAGE SA 0.04% of their portfolio PARIS, I0 40,00040.0k $398.8k $398.8k 0.04% New
60 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,45428.5k $283.7k $283.7k 0.00% New
61 DELTEC ASSET MANAGEMENT LLC 0.04% of their portfolio New York, NY 25,00025.0k $249.2k $249.2k 0.04% New
62 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 25,00025.0k $249.8k $249.8k 0.00% New
63 Quarry LP 0.04% of their portfolio NEW YORK, NY 25,00025.0k $249.2k $249.2k 0.04% New
64 Tuttle Capital Management, LLC 0.44% of their portfolio RIVERSIDE, CT 20,00020.0k $199.4k $199.4k 0.44% New
65 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,0072.0k $20.0k $20.0k 0.00% New
66 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 220220 $2.0k $2.0k 0.00% New