RDAC
Rising Dragon Acquisition Corp. Ordinary Shares
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$RDAC trading at $8 - Redemptions at $10.63 possible. IBKR has already opened the corporate action for the May 28, 2026 Extraordinary General Meeting
$RDAC trading at $8 - Redemptions at $10.63 possible. IBKR has already opened the corporate action for the May 28, 2026 Extraordinary General Meeting
$RDAC - 35k float - Could be next one after $ATMC, $AFJK,$HSPO, $ESHA, $TBMC, $ASPC
RDAC — Ultra-Low Float after redemptions (35k float)
Mentions
I still don't know why they wouldn't wait until closer to deadline since Nov redeemers would view it as "safer" then and perhaps more reversal participation...but maybe they just want to close before then. In any case, Nov redeemers should have reversed when it was in the 20s! to be fair, the pump was short lived. At least with CYAB, you could re-tender your biz combo redemption and get paid in either scenario (e.g. whether the extension was implemented or not). RDAC does not appear to be offering that feature.
One thing to keep in mind: [Rising Dragon Acquisition Corporation Shareholders Approve Business Combination with HZJL Cayman Limited](https://www.reddit.com/r/Spacstocks/comments/1p8zjon/rising_dragon_acquisition_corporation/) The business combination was approved last November. ***If*** RDAC closes the business combination ***before*** the May 28 shareholder meeting, then any redemption requests for the extension meeting will be null and void.
[$WLAC](https://x.com/search?q=%24WLAC&src=cashtag_click) change to [$BRUN](https://x.com/search?q=%24BRUN&src=cashtag_click) saw already 24$ early PM on very low volume. Spac merger, deal with Dell and Nivida partner [$RDAC](https://x.com/search?q=%24RDAC&src=cashtag_click) trades well below NAV - Redemption end of months at 10.6$ possible [$GIG](https://x.com/search?q=%24GIG&src=cashtag_click) Today with new CUSIP after 10.8 -> 5.7$ past week - Ready for reversal
RIP RDAC bag holders be careful out there
watching FATN, RDAC overnight.
I miss the runners everytime. I swear if I had bout into RDAC this morning it would not have ran like it did. Just give me THE ONE ALREADY.
SKYQ and RDAC have been good today
Yeah, you never know. Sometimes also a nothing burger. 1m is still a float but we\`ll see. RDAC and others made some nice moves on the reveal of the actual float.
Ok. I am trying to see if there is potential for RDAC to run up like AFJK or ASPC. I understand a big difference is that those others already redeemed the tendered shares from the trust, but RDAC is allowing untendering until merger and therefore not settling tenders. I guess this means if RDAC runs up, holders of tendered shares could untender and sell at the high price. How quickly can untendered shares be traded? Is it instantly, or does it take days to process? If instantly, then I dont see potential for RDAC to jump. If it takes days, then it could see an intraday or 2 day run and fall.
>These shares will be paid out regardless if merger completes or not. NO. If the business combination is not completed, any redemption requests by shareholders at the business combination meeting will not be honored and the shares are returned to the shareholders. They will still be NAV protected, but will be paid out the next time RDAC extends (if submitted for redemption), or when RDAC liquidates. According to the prospectus, [the "Maximum Redemption" scenario would have left 846,313 public shares](https://www.sec.gov/Archives/edgar/data/2059547/000149315225015744/form424b3.htm#:~:text=Max%20Redemption%20Scenario(1)). So RDAC may need to raise additional funds to close the business combination.
>What am I missing? RDAC common shares do *NOT* have NAV protection; *unless* their business combination with HZJL Cayman Limited is terminated, *OR* it takes longer than July 15, 2026 to close. RDAC [shareholders already approved the business combination](https://www.reddit.com/r/Spacstocks/comments/1p8zjon/rising_dragon_acquisition_corporation/). RDAC shareholders also [approved an extension from January 15, 2026 to July 15, 2026](https://www.reddit.com/r/Spacstocks/comments/1p8zl5b/rising_dragon_acquisition_corporation_schedules/). If RDAC closes the previously approved business combination before July 15, then there will be no further business combination or extension shareholder votes. The only time SPAC common shareholders can submit shares for redemption is when the SPAC holds extension or business combination votes. If there is no guarantee shares can eventually be redeemed for NAV value, then they are not NAV protected, RDAC could close the business combination tomorrow, and the new ticker XPD could begin trading Thursday at $5 per share. Probably won't, but it is possible. That is why RDAC is selling for less than NAV today. RDACR are 1:10 ratio rights; every ten RDACR will become one XPD if/when the business combination closes. RDACR have been trading around 20 to 25 cents each the past couple of weeks. That equates to XPD trading for $2 to $2.50 if/when the business combination closes.
RDAC had its merger vote on 11/20 ... how is it NAV protected, and why is it trading under 10 if it is? Thanks for any enlightenment, I did not do my DD on this one.
RDAC: no NAV protection. ASPC: $64 was a single trade well before this peaked. Others may be like those too, don't know. I'm in RDAC, but by mistake : \\
Cant seem to post a new thread, but would appreciate feedback. Here is tradeable float for some of the highly redeemed SPACs based on info from this sub and sec filings. Afjk 45k, high $130 Rdac 82k, high $16 Esha 213k, high $27 Aspc 283k, high $64 Tbmc 333k, high $14 Alcy 738k, high $16 Is RDAC primed for a major run? I have bought a bunch of shares. Thoughts?
RDAC had its merger vote on 11/20 and extension vote on 12/12. No NAV protection.
esha risk is too high right now. RDAC is the better play
ESTA, RDAC, ALCY LF spacs are making a comeback
ISPC looking interesting today. Also has anyone else noticed that RDAC is also a “blank check company” JUST LIKE AFJK? Only difference is it’s sitting around $12 and AFJK hit $130 today….
AFJK huge run & RDAC ran ah thinking ASPC could be next tomorrow if it can break 15 , thoughts anyone?
Yes, the meeting was to reduce the contribution to the trust from January 15, 2026 to July 15, 2026. RDAC held the meeting, the Trust Agreement Amendment Proposal passed, but don't know redemptions yet. Still, there were only 35k before that meeting.
[Rising Dragon Acquisition Corporation Shareholders Approve Business Combination with HZJL Cayman Limited - RDAC RDACR](https://www.reddit.com/r/Spacstocks/comments/1p8zjon/rising_dragon_acquisition_corporation/) That was 20 days ago, there were 34,391 public shares remaining then, so the same or less now. RDACR are 1:10 ratio warrants. 5.75 million RDACR will convert into 575,000 new XPD shares if/when the business combination closes, for a total float of 600k shares. RDAC could theoretically close at any time, though shareholders just approved an extension until July 16, 2026, so seems it could be a while. And of course, if NASDAQ gets wind that RDAC only has 35k public shares, NASDAQ might halt it with a T-12.
$RDAC up a lot today on no news. They did have an extension meeting and we should be getting the results of that any day now. It's a Chinese SPAC so someone's grandson probably got a tip that redemptions were super high and are buying before the even bigger rip. 40k shares traded today -> 25% gain is pretty thin trading.
$RDAC redemption numbers are out. Only 10 shares remain after the extension meeting and I hold 9 of them!
Looking at $RDAC, $BAYA, and $DTSQ for low float moves this coming week.
RDAC <- anyone watching this? 👀
Will the $RDAC move anytime soon?
Jumped in RDAC. Not penny, but looks like stock for blowing as all previous 5+ usd stocks during this days.
Keep an eye on $RDAC. $ATMC with same 34k float just hit 97 minutes ago.
[Rising Dragon Acquisition Corporation Shareholders Approve Business Combination with HZJL Cayman Limited](https://www.sec.gov/Archives/edgar/data/2018145/000121390025113880/ea0266873-8k_rising.htm) \- RDAC RDACR "In connection with the shareholders’ vote at the EGM, 5,715,609 ordinary shares were tendered for redemption. The Company plans to close the Business Combination as described in the proxy statement as soon as possible and will continue to accept reversals of redemption requests until the closing of the Business Combination." "[Ordinary shares subject to possible redemption](https://www.sec.gov/Archives/edgar/data/2018145/000121390025106634/ea0263836-10q_rising.htm#:~:text=contingencies%20(Note%207)-,Ordinary%20shares%20subject%20to%20possible%20redemption,-%2C%C2%A05%2C750%2C000%20and), 5,750,000 shares issued and outstanding at redemption value of $10.46 as of September 30, 2025" That leaves 34,391 public shares. RDACR are 1:10 ratio warrants. 5.75 million RDACR will convert into 575,000 new XPD shares if/when the business combination closes, for a total float of 600k shares.
[HZJL Cayman Limited Announces Entering into a Merger Agreement with Rising Dragon Acquisition Corporation](https://www.globenewswire.com/news-release/2025/01/27/3015966/0/en/HZJL-Cayman-Limited-Announces-Entering-into-a-Merger-Agreement-with-Rising-Dragon-Acquisition-Corporation.html) \- RDAC RDACR Four DAs on one of the worst days for the market in quite a while. Never change, SPACs.