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American Drive Acquisition SPAC Targets US Auto Deals with $200 Million Float
American Drive Acquisition SPAC plans to raise $200 million through its IPO, targeting future automotive and mobility deals in the U.
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.