Rising Dragon and HZJL mutually agree to terminate merger agreement
RDAC•Rising Dragon Acquisition and HZJL Cayman mutually terminated their merger agreement, effective Oct. 30, 2026. No termination fees are payable, and Rising Dragon said it will continue seeking an initial business combination within its permitted timeframe.
1. Merger agreement terminated
Rising Dragon Acquisition and HZJL Cayman mutually terminated their Jan. 27, 2025, merger agreement, effective Oct. 30, 2026. No termination fees are payable, and the parties mutually released claims related to the agreement, subject to certain exceptions. Rising Dragon said it will continue pursuing an initial business combination with an appropriate target within its permitted timeframe.
