Ribbon’s stock muted ahead of holiday; eyes on DRC medicine deal instead
Ribbon Acquisition Corp.’s Class A shares on Nasdaq closed flat heading into the long U.S. weekend, as traders looked ahead to see how much cash and backing the SPAC will keep for its planned merger with Japan’s DRC Medicine. Ribbon is set up as a special purpose acquisition company, or SPAC, meant to merge with a private firm and take it public. There won’t be any regular U.S. stock trading Monday, with Nasdaq showing Memorial Day—May 25, 2026—as a market holiday. That means the next time investors can trade Ribbon’s securities is Tuesday.