Rising Dragon Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RDACU”, Friday, October 11, 2024.
The new SPAC does not plan to target a particular industry or geography in its combination search but plans to leverage the experience of its team.
Rising Dragon’s sponsor team is to be led by Chief Executive Office and Chairman Lulu Xing and Chief Financial Officer Wenyi Shen. Its Board is to be steered by Directors Kei Tung Yeung, Kun-Lin Liu, Robert Wilson Garner, and Chengming Dou.
Total SPAC deal count for 2024 year-to-date is now 37. This offering is expected to close on Tuesday, October 15, 2024.
Lucid Capital Markets acted as sole book running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Blank Rome LLP serving as Underwriter’s Counsel. Adeptus Partners LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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