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Rising Dragon Acquisition Corp. Ordinary Shares (RDAC)



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Upturn Advisory Summary
08/14/2025: RDAC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 2.68% | Avg. Invested days 128 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 76.89M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 9.99 - 10.40 | Updated Date 05/20/2025 |
52 Weeks Range 9.99 - 10.40 | Updated Date 05/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 77057065 | Price to Sales(TTM) - |
Enterprise Value 77057065 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 7499380 | Shares Floating 5126498 |
Shares Outstanding 7499380 | Shares Floating 5126498 | ||
Percent Insiders 22.56 | Percent Institutions 80.12 |
Upturn AI SWOT
Rising Dragon Acquisition Corp. Ordinary Shares
Company Overview
History and Background
Rising Dragon Acquisition Corp. was a blank check company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It did not have any specific business combination under consideration at the time of its IPO. It IPO was completed on November 23, 2021. The company de-SPAC'd and merged with NeoVolta on May 11, 2023.
Core Business Areas
- Special Purpose Acquisition Company (SPAC): Rising Dragon Acquisition Corp. was a SPAC, meaning its primary purpose was to identify and merge with a private company to take it public. This is no longer applicable as they de-SPAC'd.
Leadership and Structure
The company was led by its management team and board of directors prior to the merger. The organizational structure was typical of a SPAC, designed to facilitate the search for and completion of a business combination. Since the merger, leadership and structure are now those of NeoVolta (NEOV).
Top Products and Market Share
Key Offerings
- SPAC Services: As a SPAC, Rising Dragon's 'product' was the vehicle for taking a private company public. There was no inherent revenue or market share associated with this offering prior to the merger with NeoVolta. Competitors in this space were other SPACs looking to merge with companies in similar industries.
Market Dynamics
Industry Overview
The SPAC industry has experienced periods of boom and bust, driven by market sentiment and the availability of attractive merger targets. It's a highly competitive landscape with significant regulatory scrutiny. Post-merger, the relevant industry is home energy storage and the dynamics are tied to battery technology advancements, government incentives, and consumer adoption of renewable energy solutions.
Positioning
Before the merger, Rising Dragon's positioning was based on its management team's experience and ability to identify a suitable target. After the merger, it ceased to exist and is now NeoVolta. NeoVolta competes with companies like Tesla and Enphase in energy storage.
Total Addressable Market (TAM)
The TAM for the SPAC market is tied to how many private companies seek to go public. Now it is based on how large the energy storage market is. According to reports, the global home energy storage market is projected to reach $36.4 billion by 2030. NeoVolta is in a position to capture a share of this market, but its success depends on product competitiveness and market penetration.
Upturn SWOT Analysis
Strengths
- Access to public markets
- Experienced management team (pre-merger)
Weaknesses
- Dependence on finding a suitable merger target
- SPAC structure can lead to valuation distortions
Opportunities
- Growing demand for renewable energy and energy storage solutions (post-merger through NeoVolta)
- Government incentives for clean energy
Threats
- Regulatory changes affecting SPACs
- Increased competition in the energy storage market
- Technological advancements potentially rendering current solutions obsolete
Competitors and Market Share
Key Competitors
- TSLA
- ENPH
- SEDG
Competitive Landscape
NeoVolta competes in the energy storage market against established players like Tesla, Enphase and SolarEdge. Its success depends on innovation, pricing, and market penetration.
Growth Trajectory and Initiatives
Historical Growth: N/A for a SPAC prior to merger.
Future Projections: Future projections now depend on NeoVolta's performance and the market for energy storage solutions.
Recent Initiatives: Recent initiatives would be those of NeoVolta (NEOV), such as product development, sales efforts, and partnerships.
Summary
Rising Dragon Acquisition Corp. was a SPAC that successfully merged with NeoVolta (NEOV). The success of this investment now depends entirely on NeoVolta's ability to compete in the energy storage market. NEOV faces stiff competition and must innovate and execute effectively to achieve substantial market share. Investors should closely monitor NeoVolta's financial performance and progress in the energy storage sector.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Press Releases
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and based on available industry reports. Investment decisions should be based on individual research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rising Dragon Acquisition Corp. Ordinary Shares
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2024-12-02 | Chairman & CEO Mr. Lulu Xing | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website |
Rising Dragon Acquisition Corp. does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. Rising Dragon Acquisition Corp. was incorporated in 2024 and is based in Taiyuan, the People's Republic of China.

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