DRC Medicine to Go Public via Ribbon Acquisition SPAC

Biotechnology
Biotechnology
Definitive Agreement
Definitive Agreement

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DRC Medicine Ltd. Announces Business Combination Agreement with Ribbon Acquisition Corp.

Tokyo, June 30, 2025 – DRC Medicine Ltd. and Ribbon Acquisition Corp. (NASDAQ: RIBB) have entered into a business combination agreement. The proposed transaction would result in DRC Medicine becoming a publicly-traded company.

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About DRC Medicine Ltd.

Founded in 2007, DRC is an innovative healthcare and biotechnology company headquartered in Japan, focused on the research, development, and commercialization of advanced medical technologies that address significant global health challenges. The Company is best known for its proprietary Hydro Silver Titanium® technology, initially applied in consumer hygiene products such as masks and towels, and now being advanced to obtain medical device certification as among the world’s first therapeutic masks for seasonal allergic rhinitis . In addition to medical devices, the Company is developing a pipeline of In Vitro Diagnostic (“IVD”) kits for infectious diseases and allergen detection, combining its world-only cell-free protein synthesis technology leveraging AI powered Apps and is in final negotiation in acquiring an innovative ATP-enhancing drug for Parkinson’s disease.

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