secwatch.observer — SEC 8-K summary
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Issuer:     Rising Dragon Acquisition Corp. (RDAC)
CIK:        0002018145
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0001213900-25-007020
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rising Dragon Acquisition Corp. enters into merger agreement with HZJL Cayman Limited for $350M business combination
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- Deal value of $350 million payable in 35 million shares of Xpand Boom Technology at $10.00 per share.
- HZJL shareholders may receive up to 20 million additional earn-out shares based on revenue targets in two subsequent years.
- HZJL provides online branding, software, and supply chain services for local lifestyle businesses (restaurants, coffee shops, etc.).
- The combined company plans to remain Nasdaq-listed under a new ticker; closing subject to shareholder and regulatory approvals.
- Lock-up period of six months for certain HZJL shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2018145/000121390025007020/0001213900-25-007020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2018145/000121390025007020/ea0228776-8k425_rising.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-007020

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