Key Highlights

  • Rising Dragon Acquisition (NASDAQ:RDAC) more than doubled, up 101.37% to USD 10.27, after a Merger termination.
  • Mercer International (NASDAQ:MERC) rose 90.87% to USD 0.2405 after a planned prepackaged Chapter 11 recapitalization.
  • INLIF (NASDAQ:INLF) climbed 38.41% to USD 0.4013, with no company announcement identified.
  • Backblaze (NASDAQ:BLZE) gained 33.51% to USD 9.88 after third quarter Revenue climbed 26% to USD 46.7 million.
  • VCI Global (NASDAQ:VCIG) fell 31.37% to USD 5.60 after its 1-for-18 reverse split took effect.

Rising Dragon Acquisition (NASDAQ:RDAC) (up USD 5.17, 101.37%): A Doubling After a Deal Collapses

Rising Dragon Acquisition (NASDAQ:RDAC) rose 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 announced 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 did not explain why the shares more than doubled on news that a deal had ended. It said it will keep pursuing another Business combination, and it did not disclose how much cash remains in trust. As a blank check company with no operating revenue, any move of this size on a small share base can reverse sharply.

Mercer International (NASDAQ:MERC) (up USD 0.1145, 90.87%): A Penny Stock Bounces Into a Chapter 11 Plan

Mercer International (NASDAQ:MERC), a penny stock, rose 90.87% to USD 0.2405 in pre-market trading on November 3, 2026. The implied prior close is about USD 0.126 (calculated), so the shares remain deeply depressed. 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, eliminating about USD 96 million of annual cash interest.

Existing common stock would be cancelled, and holders would receive about 8.5% of the new common stock. The company expects Nasdaq to delist the stock, which may then trade over the counter. Mercer is a global forest products company. Third quarter results are scheduled for after the market close on November 5, 2026.

INLIF (NASDAQ:INLF) (up USD 0.1114, 38.41%): A Penny Stock Rises Without a Stated Trigger

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 was a USD 3.75 million registered direct offering that closed October 20, 2026. Its Series A and B warrants carry a one-time downward exercise price reset on the twentieth trading day after closing. The company has not reported the outcome, so any reset could add to the share count. For the six months ended June 30, 2026, revenue was USD 12.94 million, up 26.01%, and cash was USD 45.47 million.

Backblaze (NASDAQ:BLZE) (up USD 2.48, 33.51%): A Third Quarter Beat and Higher 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 is the third quarter 2026 report released November 2, 2026, with revenue up 26% to USD 46.7 million. B2 Cloud Storage revenue reached USD 30.5 million, up 47%.

Full year 2026 revenue guidance was lifted to USD 177.8 million to USD 178.2 million, and adjusted EBITDA Margin guidance rose to 30% to 31%. Risks include USD 201 million of 0% convertible senior notes due 2031, which can dilute shareholders if converted, and net revenue retention of 105%, down from 107%.

VCI Global (NASDAQ:VCIG) (down USD 2.56, 31.37%): A Decline After a Reverse Split

VCI Global (NASDAQ:VCIG) fell 31.37% to USD 5.60 in pre-market trading on November 3, 2026, on the second trading day after a 1-for-18 reverse split took effect on November 2, 2026. Shares outstanding were expected to drop from about 9,639,594 to about 535,533. No separate announcement dated November 2 or November 3, 2026 was identified.

The company said the split is meant to satisfy the Nasdaq minimum bid price and to set up a potential institutional transaction. The filing gave no cash or revenue figures. With so few shares, thin trading can widen spreads and make pre-market quotes unreliable.

Overall View

The five moves on November 3, 2026 have different roots. Rising Dragon Acquisition (NASDAQ:RDAC) and Mercer International (NASDAQ:MERC) reacted to corporate structure events, Backblaze (NASDAQ:BLZE) to earnings, VCI Global (NASDAQ:VCIG) to a reverse split, and INLIF (NASDAQ:INLF) to no identified news. Watch for the Form 8-K from Rising Dragon, the Chapter 11 filing from Mercer, the Warrant reset disclosure from INLIF and any Nasdaq letter for VCI Global.