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Rising Dragon Acquisition Corp. ( (RDAC) ) has provided an announcement.
On February 5, 2026 and March 15, 2026, Rising Dragon Acquisition Corp. issued four unsecured promissory notes totaling $200,000, with one note on each date going to its sponsor Aurora Beacon LLC and one to SZG Limited, designee of HZJL Cayman Limited, the counterparty to a previously announced January 27, 2025 merger agreement. The notes bear no interest, mature upon closing of Rising Dragon’s initial business combination, have proceeds deposited into the trust account to extend the deal completion window to April 15, 2026, and may be converted into units identical to those sold in the company’s IPO at $10.00 per unit, underscoring the company’s continued financing of its pending merger process.
More about Rising Dragon Acquisition Corp.
Rising Dragon Acquisition Corp. is a special purpose acquisition company focused on completing an initial business combination, including a proposed merger with HZJL Cayman Limited through a structured transaction involving a purchaser and a merger subsidiary.
Average Trading Volume: 14,030
Technical Sentiment Signal: Sell
Current Market Cap: $36.82M
Learn more about RDAC stock on TipRanks’ Stock Analysis page.