Rising Dragon Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RDACU”, Friday, October 11, 2024.
The new SPAC does not plan to target a particular industry or geography in its combination search but plans to leverage the experience of its team.
Rising Dragon’s sponsor team is to be led by Chief Executive Office and Chairman Lulu Xing and Chief Financial Officer Wenyi Shen. Its Board is to be steered by Directors Kei Tung Yeung, Kun-Lin Liu, Robert Wilson Garner, and Chengming Dou.
Total SPAC deal count for 2024 year-to-date is now 37. This offering is expected to close on Tuesday, October 15, 2024.
Lucid Capital Markets acted as sole book running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Blank Rome LLP serving as Underwriter’s Counsel. Adeptus Partners LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Papaya Growth (OTC:PPYA) has entered into a definitive agreement to combine with Brazilian energy firm PX Energy at an equity value of $155 million subject to adjustment based on fuel places leading into close. São Mateus do Sul, Brazil-based PX operates a petroleum refining, recycling and mining operation that produces both fuel and agricultural products....
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Globa Terra Acquisition Corporation (NASDAQ:GTERU) has filed for a $152.2 million SPAC to find an agriculture or food-tech target company The new SPAC is overfunded to 100.5% and is set to have both a 3/4 warrant and right to a 1/20 share in each of its units. This vies for the most investor-friendly unit coverage of...