Why Rising Dragon Acquisition Stock Surged as RDAC Seeks More Time for HZJL SPAC Deal
Rising Dragon Acquisition Corp. ripped more than fourfold higher Wednesday, soaring to $21.72 with a $16.82 gain after the Nasdaq SPAC said it’s looking to extend the timeline for its planned merger with HZJL Cayman Limited. Shares churned between $5.64 and $23.51 on hefty volume—about 12.1 million traded hands.