Rising Dragon Acquisition Corp. Announces the Separate Trading of its Ordinary Shares and Rights Commencing December 2, 2024
Rising Dragon Acquisition Corp. - Unit (RDACU)
Company Research
Source: GlobeNewswire
SHANXI, CHINA, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Rising Dragon Acquisition Corp. (NASDAQ: RDAC) (the “Company”) announced today that, commencing December 2, 2024, holders of the units sold in the Company’s initial public offering completed on October 15, 2024 may elect to separately trade the ordinary shares of the Company, and the rights included in such units on The Nasdaq Capital Market (“Nasdaq”). The ordinary shares and rights that are separated will trade on Nasdaq under the symbols “RDAC” and “RDACR,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “RDACU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and rights. The units were initially offered by the Company in an underwritten offering. Lucid Capital Markets, LLC acted as sole book-running manager of the offering. A registration statement on For
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