Rising Dragon Acquisition Raises $111,274.82 via Two Zero-Interest Notes to SZG to Extend Deadline

Rising Dragon Acquisition Corp. (RDAC) and HZJL Cayman Limited mutually terminated their merger agreement, effective October 30, 2026. Neither party will pay a termination fee, and both released each other from claims, with exceptions. RDAC will continue seeking an alternative acquisition target.

Rising Dragon Acquisition Corp. (RDAC) stock surged 115% to $10.97 in pre-market trading after terminating its merger agreement with HZJL Cayman Limited. The company plans to pursue a new business combination, and the move was driven by company-specific developments. The stock's low float amplified the price swing.

Rising Dragon Acquisition Corp. (RDAC) and HZJL Cayman Limited mutually agreed to terminate their merger agreement, effective October 30. No termination fees will be paid, and both parties released each other from claims. RDAC plans to pursue another business combination within its permitted timeframe. The company completed its IPO on October 10, 2024.

Oracle (ORCL) raised $20 billion via stock and bond offerings. It sold 86.2M shares at $116 each, an 11.2% discount. The company also issued $10B in senior notes with 7% to 8.65% coupon rates. Proceeds may fund capital spending, debt reduction, and AI expansion. Oracle aims for positive free cash flow by fiscal 2028 and $30B in fiscal 2029.

Oracle (ORCL) rose 4.31% to $124.36 on November 3 amid a $20B financing plan, including $10B in shares and $10B in bonds. The shares were priced at $116 each, and bonds range from 7% to 8.65% interest. The financing may support cloud expansion, but investors focus on cash flow and debt management.

Oracle shares fell 8.8% on Nov 2, reaching their lowest level since April, after the company announced a $20 billion fundraising plan. Larry Ellison, Oracle's co-founder and chairman, saw his net worth drop by $11 billion to $160 billion. The company plans to raise $10 billion through a common stock offering and $10 billion through a bond sale, with proceeds earmarked for general corporate purposes, including AI and cloud infrastructure investments.