Rising Dragon Acquisition Corp. Announces Closing of $57.5 Million Initial Public Offering

Barchart · 10/15 15:38

SHANXI, CHINA, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Rising Dragon Acquisition Corp. (NASDAQ: RDAC) (the “Company”) announced today that it closed its initial public offering of 5,750,000 units at $10.00 per unit, including the full exercise of the underwriters’ option to purchase up to an additional 750,000 units to cover over-allotments. Each unit consists of one ordinary share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business combination.

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