| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| TENOR CAPITAL MANAGEMENT Co., L.P. | 6.3% | 1,250,000 | Tenor Capital Management Company, L.P. | 18 Dec 2025 | ||||
| Adage Capital Management, L.P. | 5.4% | $12,500,000 | 1,250,000 | Adage Capital Management, L.P. | 31 Dec 2025 | |||
| MMCAP International Inc. SPC | 4.4% | -12% | $10,000,000 | 1,000,000 | 0% | MMCAP International Inc. SPC | 31 Dec 2025 |
As of 31 Dec 2025, 66 institutional investors reported holding 22,193,285 shares of American Drive Acquisition Co - Class A Ordinary Shares (ADACU). This represents 98% of the company’s total 22,727,273 outstanding shares.
The largest institutional shareholders of American Drive Acquisition Co - Class A Ordinary Shares (ADACU) together control 76% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 5.5% | 1,250,000 | 0.02% | $12,462,500 | |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 5.5% | 1,250,000 | 0.18% | $12,462,500 | |
| AQR Arbitrage LLC | 4.7% | 1,064,004 | 0.22% | $10,629,400 | |
| ARISTEIA CAPITAL, L.L.C. | 4.5% | 1,016,800 | 0.29% | $10,137,496 | |
| Magnetar Financial LLC | 4.4% | 1,000,000 | 0.1% | $9,990,000 | |
| MMCAP International Inc. SPC | 4.4% | 1,000,000 | 1% | $9,970,000 | |
| Polar Asset Management Partners Inc. | 4.4% | 1,000,000 | 0.2% | $9,970,000 | |
| Alberta Investment Management Corp | 4.4% | 1,000,000 | 0.06% | $9,990,000 | |
| PICTON MAHONEY ASSET MANAGEMENT | 3.3% | 750,000 | 0.08% | $7,477,500 | |
| HGC Investment Management Inc. | 3.3% | 750,000 | 1.6% | $7,477,500 | |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 2.9% | 660,000 | 0.01% | $6,593,400 | |
| Radcliffe Capital Management, L.P. | 2.6% | 600,000 | 0.33% | $5,982,000 | |
| BNP PARIBAS FINANCIAL MARKETS | 2.4% | 535,996 | 0% | 0% | $5,354,600 |
| LMR Partners LLP | 2.2% | 500,000 | 0.05% | $4,985,000 | |
| Linden Advisors LP | 2.2% | 500,000 | 0.03% | $4,995,000 | |
| Ghisallo Capital Management LLC | 2.2% | 500,000 | 0.22% | $4,995,000 | |
| HBK INVESTMENTS L P | 2.2% | 500,000 | 0.05% | $4,985,000 | |
| BlueCrest Capital Management Ltd | 2.2% | 500,000 | 0.19% | $4,985,000 | |
| MILLENNIUM MANAGEMENT LLC | 2% | 450,000 | 0% | $4,486,500 | |
| TIG Advisors, LLC | 1.8% | 400,000 | 0.19% | $3,988,000 | |
| Glazer Capital, LLC | 1.8% | 400,000 | 0.1% | $3,988,000 | |
| OMERS ADMINISTRATION Corp | 1.8% | 400,000 | 0.03% | $3,996,000 | |
| Context Capital Management, LLC | 1.8% | 400,000 | 0.1% | $3,988,000 | |
| First Trust Capital Management L.P. | 1.7% | 386,399 | 0.23% | $3,852,398 | |
| TWO SIGMA INVESTMENTS, LP | 1.6% | 362,500 | 0.01% | $3,614,125 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 22,193,285 | $221,409,429 | +$213,063,829 | $9.97 | 66 |