American Drive Acquisition Co 8-K

What Happened
American Drive Acquisition Company (ADAC) filed an 8-K on Feb. 6, 2026 announcing two material items: the Board increased from five to six members and appointed Nitin Kumar (age 50) as a Class I director, and the company said holders of its IPO units may elect to separate the units into Class A ordinary shares and redeemable warrants beginning Feb. 9, 2026.

Key Details

• The Board appointed Nitin Kumar to fill the new sixth seat; he will serve until the company's first annual shareholder meeting (Class I term). The Board determined he is independent under SEC and Nasdaq rules.
• Mr. Kumar received 25,000 Class B ordinary shares from the sponsor in connection with his appointment and signed joinders to the company’s December 17, 2025 Letter Agreement and Registration Rights Agreement; he also entered the company’s standard indemnity agreement.
• Units may be separated starting Feb. 9, 2026. Each Unit = 1 Class A ordinary share + 1/3 of one warrant. Separated securities will trade under ADAC (shares) and ADACW (warrants); unsplit Units will remain ADACU. No fractional warrants will be issued; brokers must contact Continental Stock Transfer & Trust Company to separate Units.

Why It Matters
The director appointment adds an experienced volatility-risk and derivatives executive to ADAC’s board and is disclosed as independent; investors should note his ties to the sponsor (member of Petit Monts LLC) and the equity received (25,000 Class B shares). The option to split Units affects how investors trade and manage exposure: separating Units creates stand-alone shares and warrants (different tickers and potentially different liquidity/price behavior), while unsplit Units continue to trade as ADACU. Holders who want separate securities must instruct their brokers to contact the transfer agent.