Rising Dragon Acquisition Corp. has taken a significant step by issuing unsecured promissory notes totaling $55,637.41. This move is aimed at extending the timeline for its proposed business combination, a critical aspect of the company’s strategy.

The notes were issued on October 15, 2026, to SZG Limited and Aurora Beacon LLC, the company’s sponsor. The issuance of these notes demonstrates Rising Dragon's commitment to securing the necessary funding to complete its merger plans.

Background

Rising Dragon Acquisition Corp. is classified under SIC code 6770, which pertains to blank checks. The company is publicly traded on the Nasdaq under the tickers RDAC, RDACR, and RDACU. It operates as an emerging growth company and has been actively involved in the market since its inception.

What the Filing Says

According to the recent SEC filing, the company issued:

“an unsecured promissory note in the principal amount of $11,188.68 (the ‘SZG Note’) to SZG Limited”
“an unsecured promissory note in the principal amount of $44,448.73 (the ‘Sponsor Note’) to Aurora Beacon LLC”

The total principal amount of the notes is $55,637.41. Notably, these notes do not bear interest and are payable upon the consummation of the company’s initial business combination.

Impact

This development may affect the company’s stakeholders, including its sponsors and potential investors. The issuance of these promissory notes is crucial for Rising Dragon as it seeks to finalize its merger with HZJL Cayman Limited, which has been in the works since January 2025.

What's Next

The filing does not specify what happens next, but it indicates that the proceeds from the notes have been deposited into the company’s trust account to facilitate the merger process. The company has until November 15, 2026, to complete its initial business combination.