Westchester Capital Management LLC acquired a new stake in Rising Dragon Acquisition Corp. – Ordinary Shares (NASDAQ:RDAC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 367,500 shares of the company’s stock, valued at approximately $3,682,000. Westchester Capital Management LLC owned approximately 4.90% of Rising Dragon Acquisition Corp. – Ordinary Shares at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in shares of Rising Dragon Acquisition Corp. – Ordinary Shares during the fourth quarter worth approximately $1,553,000. Mizuho Securities USA LLC bought a new position in shares of Rising Dragon Acquisition Corp. – Ordinary Shares during the fourth quarter worth $5,756,000. TrueMark Investments LLC acquired a new stake in Rising Dragon Acquisition Corp. – Ordinary Shares during the 4th quarter worth $100,000. ATW Spac Management LLC acquired a new stake in shares of Rising Dragon Acquisition Corp. – Ordinary Shares during the fourth quarter worth about $3,587,000. Finally, Warberg Asset Management LLC bought a new position in Rising Dragon Acquisition Corp. – Ordinary Shares during the 4th quarter worth about $461,000.
Rising Dragon Acquisition Corp. – Ordinary Shares Stock Performance
NASDAQ RDAC opened at $10.18 on Friday. Rising Dragon Acquisition Corp. – Ordinary Shares has a 52 week low of $9.99 and a 52 week high of $10.20. The company has a 50 day moving average price of $10.17.
Rising Dragon Acquisition Corp. – Ordinary Shares Company Profile
Rising Dragon Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was founded on March 8, 2024 and is headquartered in Taiyuan, China.
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