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Rising Dragon Acquisition Corp. and HZJL Terminate Merger Agreement
Rising Dragon Acquisition Corp. announced that it and HZJL Cayman Limited have mutually agreed, effective as of October 30, 2026, to terminate the Agreement and Plan of Merger, dated January 27, 2025, by and among the company, Xpand Boom Technology Inc., Xpand Boom Solutions Inc., HZJL, XB B Limited and Bin Xiong. The termination was approved by the boards of directors of Rising Dragon and HZJL. Under the terms of the termination agreement dated October 30, 2026, no party is required to pay a termination fee to any other party, and the parties have agreed to mutually release each other from claims relating to the Merger Agreement and the transactions contemplated thereby, subject to certain exceptions. Rising Dragon intends to continue to pursue the consummation of an initial business combination with an appropriate target business within the time period permitted under its amended and restated memorandum and articles of association.
Rising Dragon Acquisition Corp. Trading Halted
Rising Dragon Acquisition Corp. - Ordinary Shares trading halted, volatility trading pause
Rising Dragon Acquisition Corp. Trading Halted
Rising Dragon Acquisition Corp. - Ordinary Shares trading halted, volatility trading pause
Rising Dragon Acquisition Corp. Trading Halted
Rising Dragon Acquisition Corp. - Ordinary Shares trading halted, volatility trading pause
Rising Dragon Acquisition Corp. Trading Halted
Rising Dragon Acquisition Corp. - Ordinary Shares trading halted, volatility trading pause
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