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Rising Dragon Acquisition Corp. ( (RDAC) ) just unveiled an announcement.
On April 15, 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, a designee of HZJL Cayman Limited, with the notes maturing upon the closing of Rising Dragon’s initial business combination. The proceeds were placed into the company’s trust account to extend the deadline to complete its business combination until May 15, 2026, and the notes are convertible at the holders’ option into units identical to those from its IPO at $10.00 per unit, underscoring continued financial support and flexibility for completing the proposed merger with HZJL Cayman Limited.
MainPoint1: Rising Dragon issued two $50,000 unsecured notes on April 15, 2026.
MainPoint2: Note proceeds extend its deal deadline and can convert into IPO-like units.
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 previously announced merger plan with HZJL Cayman Limited and related entities. As a SPAC, its primary activity centers on capital raising and structuring transactions to take a target company public through a merger process.
Average Trading Volume: 5,365
Technical Sentiment Signal: Sell
Current Market Cap: $33.68M
See more insights into RDAC stock on TipRanks’ Stock Analysis page.