RDAC
Rising Dragon Acquisition Corp. Ordinary Shares
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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.