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Why Rising Dragon Acquisition Stock Surged as RDAC Seeks More Time for HZJL SPAC Deal
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Why Rising Dragon Acquisition Stock Surged as RDAC Seeks More Time for HZJL SPAC Deal
Rising Dragon Acquisition Corp. shares surged over 400% to $21.72 Wednesday after the SPAC proposed extending its merger deadline with HZJL Cayman Limited. The company called a May 28 shareholder meeting to vote on extending the deadline by up to 15 months. Rising Dragon’s board urged shareholders to approve the extension. The HZJL merger has not closed. The post Why Rising Dragon Acquisition Stock Surged as RDAC Seeks More Time for HZJL SPAC De…
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