Rising Dragon Acquisition Corp.
RDACU
NASDAQ Global Market7.60
USD
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Rising Dragon Acquisition Corp.
RDACU
(NASDAQ Global Market)
Recent
price
7.60
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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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. (RDACU) is a blank check company incorporated as a Cayman Islands exempted company with limited liability, focusing on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses, primarily targeting small-cap companies exhibiting substantial potential in emerging markets driven by innovative technologies or novel business models valued between $500 million and $2 billion. The company offers no operational products or services beyond its SPAC structure, including ordinary shares, public units comprising one ordinary share and one-half of one redeemable warrant, and public warrants exercisable for one ordinary share each; it plans to leverage sponsor expertise in identifying high-growth opportunities across sectors such as technology, media, telecommunications, and healthcare, with a focus on Asia and emerging industries. Rising Dragon Acquisition Corp. was founded in 2024 and is headquartered at No. 604, Yixing Road, Wanbolin District, Taiyuan City, Shanxi Province, People's Republic of China. Geographically, the company operates from China with a Nasdaq listing and targets global opportunities, particularly in emerging markets. In January 2025, the company entered into a definitive merger agreement with HZJL Cayman Limited, a Cayman Islands exempted company providing innovative branding, software application, and supply chain services to empower local lifestyle businesses including restaurants, coffee shops, beauty salons, convenience stores, and massage centers; the transaction contemplates a two-step process where Rising Dragon merges with its wholly-owned subsidiary Xpand Boom Technology Inc. as the surviving public entity, followed by Xpand Boom Solutions Inc. merging with HZJL, resulting in HZJL as a wholly-owned subsidiary, with HZJL shareholders receiving 35 million ordinary shares of Xpand Boom Technology plus up to 20 million earn-out shares subject to revenue targets, implying a $350 million pro forma enterprise value. Shareholder approval for the business combination, reincorporation merger, acquisition merger, charter changes, and board elections was obtained at an extraordinary general meeting on or around November 20, 2025, with 4,775,965 shares voting in favor against 273,331 opposed amid 5,715,609 shares tendered for redemption; the company plans to close the transaction promptly, subject to final conditions including Nasdaq listing approval under a new ticker symbol, while recently seeking and pursuing amendments to its trust agreement to extend the business combination deadline from January 15, 2026, up to July 15, 2026, via reduced monthly sponsor contributions.
HZJL Cayman Limited Announces Entering into a Merger Agreement with Rising Dragon Acquisition Corporation
Rising Dragon Acquisition Corp. Announces the Separate Trading of its Ordinary Shares and Rights Commencing December 2, 2024
Rising Dragon Acquisition Corp. Announces Closing of $57.5 Million Initial Public Offering