Key Highlights

  • Rising Dragon Acquisition (NASDAQ:RDAC) climbed 101.37% to USD 10.27 once its Merger with HZJL Cayman Limited was mutually called off.
  • Mercer International (NASDAQ:MERC) climbed 90.87% to USD 0.2405 after unveiling a prepackaged Chapter 11 recapitalization.
  • INLIF (NASDAQ:INLF) rose 38.41% to USD 0.4013 with no announcement identified.
  • Backblaze (NASDAQ:BLZE) gained 33.51% to USD 9.88 after third quarter Revenue climbed 26% to USD 46.7 million.
  • Eshallgo (NASDAQ:EHGO) advanced 21.97% to USD 2.33 with no announcement identified.

Rising Dragon Acquisition (NASDAQ:RDAC) (up USD 5.17, 101.37%): A Called-Off Merger Doubles the Shares

Rising Dragon Acquisition (NASDAQ:RDAC) advanced 101.37% to USD 10.27 in pre-market trading on November 3, 2026. The implied prior close is about USD 5.10 (calculated). A press release dated November 3, 2026 disclosed a mutual termination of the merger agreement with HZJL Cayman Limited, effective October 30, 2026, with no termination fee owed by either party.

The company is a Cayman Islands blank check company based in Taiyuan, China, and said it will keep pursuing an initial Business combination with another suitable target. The release offered no reason for the termination and did not state how much cash remains in trust. A special purpose acquisition company generates no operating revenue, and a move of this size on a small share base can reverse quickly.

Mercer International (NASDAQ:MERC) (up USD 0.1145, 90.87%): A Penny Stock Recovers Despite Chapter 11 Plans

Mercer International (NASDAQ:MERC), a penny stock, climbed 90.87% to USD 0.2405 in pre-market trading on November 3, 2026. The implied prior close is about USD 0.126 (calculated). On November 2, 2026 the company announced a Recapitalization that would swap about USD 1.1 billion of senior notes for Equity through a prepackaged Chapter 11 case.

Existing shareholders would receive about 8.5% of the new common stock, and current shares would be cancelled. The company expects Nasdaq to delist the stock, which may then trade over the counter. Mercer is a global forest products company, and it stated that its mills continue to run normally. Third quarter results are scheduled after the market close on November 5, 2026.

INLIF (NASDAQ:INLF) (up USD 0.1114, 38.41%): No Announcement Behind a 38.41% Surge

INLIF (NASDAQ:INLF), a penny stock, rose 38.41% to USD 0.4013 in pre-market trading on November 3, 2026. No company announcement dated November 2 or November 3, 2026 was identified. The move may reflect low float momentum, but that is an inference, not a confirmed cause.

The latest release announced a USD 3.75 million registered direct offering that closed on October 20, 2026, with warrants carrying a one time downward exercise price reset. First half 2026 revenue was USD 12.94 million, up 26.01%. The company completed 1-for-16 and 1-for-200 share combinations this year, and dilution and Nasdaq listing risks remain.

Backblaze (NASDAQ:BLZE) (up USD 2.48, 33.51%): Third Quarter Beat and a Lifted Outlook

Backblaze (NASDAQ:BLZE) gained 33.51% to USD 9.88 in pre-market trading on November 3, 2026. The implied prior close is about USD 7.40 (calculated). The catalyst was its third quarter 2026 report, released on November 2, 2026, which showed revenue up 26% to USD 46.7 million.

B2 Cloud Storage revenue climbed 47% to USD 30.5 million, and full year 2026 revenue guidance was lifted to USD 177.8 million to USD 178.2 million. The company issued USD 201 million of 0% convertible senior notes due 2031, which could dilute shareholders if converted. Net revenue retention eased to 105% from 107%.

Eshallgo (NASDAQ:EHGO) (up USD 0.4197, 21.97%): Momentum Without a Fresh Disclosure

Eshallgo (NASDAQ:EHGO), a penny stock, advanced 21.97% to USD 2.33 in pre-market trading on November 3, 2026. No press release or filing dated between October 30 and November 3, 2026 was identified as a catalyst. The gain seems to reflect momentum and trading interest rather than a new company disclosure.

The company priced a USD 1.75 million registered direct offering at USD 1.00 per share on August 19, 2026, and its U.S. Subsidiary signed an exclusive printing consumables distribution agreement the same day. A 1-for-16 share consolidation took effect on April 20, 2026. The sequence of lower priced offerings points to ongoing dilution, and a pre-market gain does not indicate the move will hold.

Where Things Stand

All five gainers share one feature: outsized extended-hours moves built on thin or unusual circumstances. Backblaze has a clear Earnings catalyst, while Rising Dragon Acquisition and Mercer International trace back to corporate events with open questions. INLIF and Eshallgo moved without an identified announcement. Track whether the gains survive the regular session opening on November 3, 2026, the Form 8-K from Rising Dragon Acquisition, Mercer's results on November 5, 2026, and any fresh financing for the penny stocks on this list.