Goldman Sachs Group Inc. Buys 83,700 Shares of Rising Dragon Acquisition Corp. $RDAC

Key Points

• Goldman Sachs Group Inc. increased its stake in Rising Dragon Acquisition Corp. (NASDAQ:RDAC) by 147.9% during the first quarter, owning a total of 140,300 shares valued at approximately $1.43 million.
• Several other hedge funds also entered or modified their positions in RDAC, with Toronto Dominion Bank and Polar Asset Management Partners Inc. making significant acquisitions during the fourth quarter.
• Rising Dragon Acquisition Corp. is a blank check company aiming to engage in mergers or other business combinations, and currently has stock performance with a 1-year low of $9.99 and high of $10.42.

Goldman Sachs Group Inc. lifted its stake in shares of Rising Dragon Acquisition Corp. (NASDAQ:RDAC - Free Report) by 147.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 140,300 shares of the company's stock after buying an additional 83,700 shares during the quarter. Goldman Sachs Group Inc. owned about 1.87% of Rising Dragon Acquisition worth $1,430,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Two Sigma Investments LP bought a new stake in Rising Dragon Acquisition in the 4th quarter valued at $1,252,000. Toronto Dominion Bank acquired a new stake in shares of Rising Dragon Acquisition during the fourth quarter worth $3,769,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Rising Dragon Acquisition during the fourth quarter worth $5,010,000. Wolverine Asset Management LLC lifted its holdings in shares of Rising Dragon Acquisition by 12.7% during the first quarter. Wolverine Asset Management LLC now owns 174,726 shares of the company's stock worth $1,780,000 after buying an additional 19,726 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Rising Dragon Acquisition by 0.4% during the first quarter. Mizuho Securities USA LLC now owns 580,088 shares of the company's stock worth $5,870,000 after buying an additional 2,128 shares in the last quarter.

Rising Dragon Acquisition Stock Performance

Shares of RDAC stock opened at $10.42 on Friday. The stock has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.28. Rising Dragon Acquisition Corp. has a 1 year low of $9.99 and a 1 year high of $10.42.

About Rising Dragon Acquisition

Rising Dragon Acquisition Corp. is 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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