Rising Dragon Acquisition Corp stock soars on trust agreement amendment

Investing.com -- Rising Dragon Acquisition Corp (NASDAQ:RDAC) stock surged 18.2% in premarket trading Friday following shareholder approval of an amendment to the company’s Investment Management Trust Agreement.

The amendment, approved at an extraordinary general meeting on December 12, 2025, modifies the monthly extension fee payable by the company’s sponsor to extend the period for completing its initial business combination. The fee has been reduced from $189,750 ($0.033 per share) to the lesser of $100,000 per month for all remaining public shares or $0.033 for each remaining public share.

This change allows Rising Dragon to extend its combination period up to six times, each by an additional month, for a total of up to 21 months to complete a business combination. The proposal passed with 3,812,240 votes in favor and 1,353,614 against.

In connection with the shareholders’ vote, 1,548,345 ordinary shares were tendered for redemption. A total of 5,668,070 ordinary shares were redeemed between this meeting and a previous extraordinary general meeting held on November 20, 2025, which was called to approve the business combination.

As a result of these redemptions, the amended monthly extension fee will be $2,703.69 for each one-month extension, significantly lower than the previous amount. The meeting had a 68.88% participation rate, with 5,165,854 ordinary shares voted by proxy or in person.

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