Ribbon Acquisition Corp. (RIBB)
NASDAQ · Holding & Investment Offices · Blank Checks
- Price
- $8.81
- Day
- +7.76%
- Market cap
- $44.19M
- P/E
- 106.2
Close 2026-09-24.
The company
We were 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 or entities, which we refer to as a “target business.” On June 30, 2025, we entered into a Business Combination Agreement (the “Business Combination Agreement”) with DRC Medicine Inc., DRC Medicine Ltd. and DRC Merger Inc., as disclosed in our Current Report on Form 8-K filed on July 1, 2025. Accordingly, we are no longer pursuing other prospective target businesses and are focused on completing the proposed business combination. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location. Certain of our executive officers and independent directors are based in Hong Kong, and our executive officers have experience investing in and building businesses in the Asia Pacific region and have a deep understanding of the region’s business environment, regulations, regulatory bodies and culture.
Institutional holders
Largest positions reported on Form 13F for the quarter ended 2026-06-30, by value.
- RIVERNORTH CAPITAL MANAGEMENT, LLC — $4.33M
- Westchester Capital Management, LLC — $3.62M
- WOLVERINE ASSET MANAGEMENT LLC — $3.18M
- BERKLEY W R CORP — $3.12M
- Hudson Bay Capital Management LP — $2.69M
- Karpus Management, Inc. — $2.29M
- AQR Arbitrage LLC — $1.99M
- D. E. Shaw & Co., Inc. — $1.61M
Recent filings
- 8-K — 2026-09-17
- 8-K — 2026-09-11
- 8-K — 2026-09-11
- 425 — 2026-09-03
- 8-K — 2026-09-03
- 8-K — 2026-08-17
- 10-Q — 2026-08-14
- 8-K — 2026-07-15
- 8-K — 2026-06-10
- 8-K — 2026-06-09