Rising Dragon Acquisition Corp.
RDAC
NASDAQ Capital Market4.95
USD
-0.59
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Rising Dragon Acquisition Corp.
RDAC
(NASDAQ Capital Market)
Recent
price
4.95
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Rising Dragon Acquisition Corp. (NASDAQ: RDAC) is a blank check company, or special purpose acquisition company (SPAC), incorporated as a Cayman Islands exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities; it currently conducts no significant operations. The company focuses on potential targets across various sectors, particularly those with growth potential in emerging industries aligned with its management team's expertise. Founded on March 8, 2024, Rising Dragon Acquisition Corp. is headquartered at No. 604, Yixing Road, Wanbolin District, Taiyuan, Shanxi Province, People's Republic of China. In November 2025, shareholders approved proposals for its pending business combination with HZJL Cayman Limited, a provider of innovative branding, software application, and supply chain services to local lifestyle businesses such as restaurants, coffee shops, beauty salons, convenience stores, and massage centers in China; the transaction involves a two-step process including a reincorporation merger of Rising Dragon into its wholly owned subsidiary Xpand Boom Technology Inc. (PubCo), followed by an acquisition merger making HZJL a wholly owned subsidiary of PubCo, with total consideration of $350 million in shares. The merger, initially announced in January 2025, remains subject to final closing conditions including regulatory approvals, Nasdaq listing of PubCo, and redemption adjustments, with 5,715,609 ordinary shares tendered for redemption at the extraordinary general meeting; upon completion, PubCo is expected to list on the Nasdaq Capital Market, enabling HZJL's shareholders and management to receive 35 million ordinary shares.
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