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Rising Dragon Acquisition Corp. ( (RDAC) ) has issued an update.
On January 14, 2026, Rising Dragon Acquisition Corp. issued two unsecured, non‑interest‑bearing promissory notes of $50,000 each to its sponsor Aurora Beacon LLC and to SZG Limited, designee of HZJL Cayman Limited, in connection with a previously announced merger plan dated January 27, 2025. The proceeds were placed in Rising Dragon’s trust account to fund an extension of the deadline to complete its initial business combination to February 15, 2026, and the notes may be converted into units identical to those sold in its IPO at $10.00 per unit, providing additional financing flexibility as the SPAC works to close its planned merger.
More about Rising Dragon Acquisition Corp.
Rising Dragon Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination, with its current focus on completing a proposed merger with HZJL Cayman Limited and related entities.
Average Trading Volume: 47,440
Technical Sentiment Signal: Strong Sell
Current Market Cap: $58.12M
For detailed information about RDAC stock, go to TipRanks’ Stock Analysis page.