Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement
Globe Newswire•03/11/2026•06:00 ET
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Key Highlights
- ➤Merger agreement with HZJL Cayman Limited terminated effective October 30, 2026
- ➤No party owes a termination fee under the termination agreement
- ➤Rising Dragon (RDAC) will pursue another initial business combination
- ➤Termination approved by both Rising Dragon and HZJL boards
Rising Dragon to continue to pursue an initial business combination
Taiyuan, China, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Rising Dragon Acquisition Corp. (Nasdaq: RDAC, RDACU, RDACR) (“Rising Dragon” or the “Company”), a special purpose acquisition company, today announced that it and HZJL Cayman Limited (“HZJL”) have mutually agreed, effective as of October 30, 2026, to terminate the Agreement and Plan of Merger, dated January 27, 2025 (the “Merger Agreement”), by and among the Company, Xpand Boom Technology Inc., Xpand Boom Solutions Inc., HZJL, XB B Limited and Bin Xiong.
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