RISING DRAGON ACQUISITION CO RDAC
SHS · Common Stock · CUSIP G7576K107
- SectorBlank check (SPAC)
- IndustryBlank Checks
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 3.4m as of 2026-08-07, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $8.56.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 24 |
| Q1 2025 | 21 |
| Q2 2025 | 19 |
| Q3 2025 | 19 |
| Q4 2025 | 14 |
| Q1 2026 | 10 |
| Q2 2026 | 7 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2025 | 7 | 7 |
| Q2 2025 | 3 | 9 |
| Q3 2025 | 5 | 6 |
| Q4 2025 | 4 | 10 |
| Q1 2026 | 2 | 5 |
| Q2 2026 | 1 | 8 |
Biggest buyers
| Tower Research Capital LLC (TRC) | New | +2.5k |
Biggest sellers
| Karpus Management, Inc. | Sold out | -736.5k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -494.5k |
| Westchester Capital Management, LLC | Sold out | -367.5k |
| Clear Street Group Inc. | Reduced | -10.0k |
| AQR Arbitrage LLC | Reduced | -7.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -433 |
| UBS Group AG | Sold out | -122 |
| MORGAN STANLEY | Reduced | -6 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Aurora Beacon LLC 13G · exempt (held before listing) new · filed 2025-02-14 | 22.6% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution +2.6 pts · filed 2026-08-13 | 8.4% |
| D. E. SHAW & CO, L.P. 13G · exempt (held before listing) new · filed 2026-08-14 | 8.0% |
| BARCLAYS PLC 13G · institution +1.4 pts · filed 2026-08-14 | 6.7% |
| Polar Asset Management Partners Inc. 13G · institution new · filed 2025-02-14 | 6.7% |
| GLAZER CAPITAL, LLC 13G · institution new · filed 2026-08-13 | 5.5% |
| UBS Group AG 13G · institution new · filed 2026-08-04 | 5.5% |
Fell to 5% or below in the last year: RIVERNORTH CAPITAL MANAGEMENT, LLC (0.0%, 2026-07-09), Karpus Management, Inc. (0.0%, 2026-07-07), PROPPER KERRY (2.3%, 2026-05-15), BANK OF MONTREAL /CAN/ (0.0%, 2026-02-12), GOLDMAN SACHS GROUP INC (1.9%, 2026-02-09), MIZUHO FINANCIAL GROUP INC (0.0%, 2025-11-13)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| AQR Arbitrage LLC 0.05% of their portfolio | 340.7k $3.6m | Reduced -7.1k |
| GLAZER CAPITAL, LLC 0.08% of their portfolio | 327.4k $3.4m | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 273.1k $1.5m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 140.3k $757.9k | Reduced -433 |
| Clear Street Group Inc. 0.00% of their portfolio | 22.3k $232.9k | Reduced -10.0k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.5k $13.5k | New |
| MORGAN STANLEY 0.00% of their portfolio | 58 $313 | Reduced -6 |