ATW Spac Management LLC Invests $3.59 Million in Rising Dragon Acquisition Corp. – Ordinary Shares (NASDAQ:RDAC)

ATW Spac Management LLC purchased a new stake in shares of Rising Dragon Acquisition Corp. – Ordinary Shares (NASDAQ:RDAC) in the 4th quarter, Holdings Channel reports. The fund purchased 358,000 shares of the company’s stock, valued at approximately $3,587,000. Rising Dragon Acquisition Corp. – Ordinary Shares accounts for about 6.6% of ATW Spac Management LLC’s holdings, making the stock its 4th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC acquired a new position in shares of Rising Dragon Acquisition Corp. – Ordinary Shares in the 4th quarter valued at $5,756,000. Wolverine Asset Management LLC acquired a new position in Rising Dragon Acquisition Corp. – Ordinary Shares in the fourth quarter valued at about $1,553,000. Finally, TrueMark Investments LLC bought a new position in Rising Dragon Acquisition Corp. – Ordinary Shares during the fourth quarter worth about $100,000.

Rising Dragon Acquisition Corp. – Ordinary Shares Price Performance

Shares of RDAC stock opened at $10.20 on Friday. The company has a 50-day moving average of $10.11. Rising Dragon Acquisition Corp. – Ordinary Shares has a one year low of $9.99 and a one year high of $10.20.

Rising Dragon Acquisition Corp. – Ordinary Shares 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.