Rising Dragon Acquisition Corp. closes $57.5M IPO, deposits $57.8M in trust for business combination

Rising Dragon Acquisition Corp.

IPO of 5,750,000 units at $10/unit, including full over-allotment exercise; Units trade as RDACU on Nasdaq.
Gross proceeds of $57.5M; net proceeds of $57.7875M deposited into trust account for public shareholders.
Simultaneous private placement of 254,375 units to sponsor Aurora Beacon LLC for $2.54375M; subject to transfer restrictions.
Each unit consists of one ordinary share and one right; ten rights entitle holder to one ordinary share after initial business combination.
Lucid Capital Markets acted as sole book-running manager; effective registration statement declared October 10, 2024.

item 1.01 item 3.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Rising Dragon Acquisition Corp.: Adopted Amended and Restated Memorandum and Articles of Association in connection with the IPO (effective 2024-10-10).

Change: charter amendment
Effective: 2024-10-10

Exact text from the filing

On October 10, 2024, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association. The Amended and Restated Memorandum and Articles of Association is filed herewith as Exhibit 3.1 and is incorporated by reference herein.

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13 governance changes filed in the last 30 days. Browse all governance changes →

Rising Dragon Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-087860

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