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Rising Dragon Acquisition Corp. ( (RDAC) ) has issued an update.
On December 12, 2025, shareholders of Rising Dragon Acquisition Corp. approved an amendment to its Investment Management Trust Agreement that reduces the monthly extension fee payable by the sponsor into the company’s trust account for up to six additional one‑month extensions of the deadline to complete its initial business combination, potentially extending the period to a total of 21 months. The fee, previously set at $189,750 per month, was changed to the lesser of $100,000 per month for all remaining public shares or $0.033 per remaining public share after redemptions tied to the business combination and the December 12 trust amendment votes, resulting in an amended monthly extension payment of $2,703.69 for each one‑month extension after a total of 5,668,070 ordinary shares were redeemed across the November 20, 2025 and December 12, 2025 extraordinary general meetings.
More about Rising Dragon Acquisition Corp.
Rising Dragon Acquisition Corp. is a special purpose acquisition company (SPAC) formed to consummate an initial business combination, holding investor funds in a trust account while it seeks a suitable target and allowing shareholders to redeem their shares in connection with key votes related to its proposed transaction and timeline extensions.
Average Trading Volume: 14,496
Technical Sentiment Signal: Strong Sell
Current Market Cap: $71.99M
Learn more about RDAC stock on TipRanks’ Stock Analysis page.