NEW YORK – Dec. 19, 2025 – Global law firm Greenberg Traurig, LLP represented American Drive Acquisition Company in the closing of its initial public offering of 23 million units at a price of $10 per unit, which includes the exercise in full by the underwriters of their overallotment option to purchase an additional 3 million units. Total gross proceeds from the offering were $230 million before deducting underwriting discounts and commissions and other offering expenses payable by the company.
American Drive Acquisition Company is a blank check company that focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, and reorganizations or similar business combinations with one or more businesses.
The Greenberg Traurig team was led by Anthony Zangrillo, shareholder in the Capital Markets Practice in New York. Supporting team members included Associates Spencer Cercone in the Corporate Practice in New York, Ashelin Myus in the Corporate Practice in Miami, and Maura McKendrick, law clerk/JD in the Corporate Practice in New York.