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.

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