Rising Dragon Acquisition Corp.

General Information
Business:

We are a newly organized blank check company. (Incorporated in the Cayman Islands) 

We intend to seek to acquire small cap businesses exhibiting substantial potential in emerging markets driven by innovative technologies or novel business models. We believe these industries are attractive for a number of reasons, including: they represent attractive markets, which are characterized by a high level of innovation and they include a large number of emerging high growth companies that have the right size as potential targets.

We believe our operating experience and industry contacts place us in a position to optimize our chances of identifying high value targets in these areas. Our target of small cap companies will be based on the concept of value investing and therefore focused on quality businesses with specific and time-based catalysts. We will remain opportunistic at considering opportunities throughout the defined targeted space however, our primary focus will be on small cap companies with one or more of the following characteristics:

Target Size:    We intend to acquire one or more companies with significant revenue growth, with values between $500 million ($500,000,000) and $2 billion ($2,000,000,000).

(Note: Rising Dragon Acquisition Corp. priced its SPAC IPO in sync with the terms in the prospectus – 5.0 million units at $10.00 each – to raise $50.0 million on Thursday night, Oct. 10, 2024. Background: Rising Dragon Acquisition Corp. filed its S-1 on June 7, 2024, and disclosed the terms for its SPAC IPO: 5.0 million units at $10.00 each to raise $50.0  million. Each unit consists of one ordinary share and one right to receive one-tenth of one ordinary share upon the consummation of an initial business combination.)

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Industry: BLANK CHECKS
Employees: 0
Founded: 2024
Contact Information
Address No. 604, Yixing Road, Wanbolin District, Taiyuan City, Shanxi Province, People’s Republic of China
Phone Number +86 18817777987
Web Address
View Prospectus: Rising Dragon Acquisition Corp.
Financial Information
Market Cap $78.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol RDACU
Exchange NASDAQ
Shares (millions): 5.0
Price range $10.00 - $10.00
Est. $ Volume $50.0 mil
Manager / Joint Managers Lucid Capital Markets
CO-Managers
Expected To Trade: 10/11/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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