RDAC Overview

Oracle's Stock Surge: Oracle Corp's shares rose 5.7% in pre-market trading following TikTok's announcement of a new U.S. entity formed with investors including Oracle, with the deal expected to close on January 22.

Pre-Market Gainers: Several stocks saw significant gains in pre-market trading, including Vision Marine Technologies (up 48.7%), Inspire Veterinary Partners (up 32.2%), and WhiteFiber Inc (up 18.2%).

Pre-Market Losers: Notable declines were observed in pre-market trading for Zeta Network Group (down 29.4%), cbdMD Inc (down 19.2%), and Aimei Health Technology (down 15.8%).

Nike's Performance: Nike Inc's shares dipped 9.9% despite reporting better-than-expected earnings and sales, attributed to a decline in gross margins for the second consecutive quarter.

Stock Surge: Rising Dragon Acquisition Corp. (RDAC) shares increased by 33.20% to $13.84 in after-hours trading following a Form 8-K filing with the SEC, which reports significant company events.

Amended Trust Agreement: The company reduced its monthly extension fee from $189,750 to a maximum of $100,000, allowing for up to six additional one-month extensions to complete a business combination with HZJL Cayman Limited.

Shareholder Redemptions: A total of 1.54 million ordinary shares were redeemed in connection with a recent extraordinary general meeting, where shareholders approved the business combination.

Trading Metrics: RDAC's stock has a market capitalization of $83.24 million, with a 12-month performance of 3.80%, and is currently trading at 32.36% of its 52-week range, indicating potential for upward movement despite a negative price trend across all time frames.

Merger Announcement: HZJL Cayman Limited has entered into a Merger Agreement with Rising Dragon Acquisition Corporation, which will result in HZJL becoming a wholly owned subsidiary of Xpand Boom Technology Inc. and the combined entity being listed on Nasdaq under a new ticker symbol.

Business Focus: HZJL specializes in providing innovative branding, software, and supply chain services to local lifestyle businesses, aiming to enhance their operational efficiency and customer engagement while supporting scalable growth.