Rising Dragon Acquisition and HZJL Terminate Merger
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Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement
Taiyuan, China, Nov. 03, 2026 -- Rising Dragon Acquisition Corp. (Nasdaq: RDAC, RDACU, RDACR), a special purpose acquisition company, announced that it and HZJL Cayman Limited have mutually agreed, effective as of October 30, 2026, to terminate their previously announced Agreement and Plan of Merger.
The termination was approved by the boards of directors of both Rising Dragon and HZJL. Under the terms of the Termination Agreement, no party is required to pay a termination fee, and all parties have agreed to mutually release each other from claims relating to the merger agreement and its contemplated transactions, subject to certain exceptions.
Transaction Details
- Effective Date: October 30, 2026
- Termination Fee: None required by any party
- Future Plans: Rising Dragon will continue to pursue an initial business combination
Rising Dragon intends to continue seeking an appropriate target business to consummate an initial business combination within the timeframe permitted under its governing documents. Additional information regarding the termination will be filed with the U.S. Securities and Exchange Commission in a Current Report on Form 8-K.
