Rising Dragon Acquisition Corp. 8-K

What Happened

• Rising Dragon Acquisition Corp. filed an 8-K (Item 2.03) disclosing that on January 14, 2026 it issued two unsecured promissory notes, each with a $50,000 principal. One note was issued to Aurora Beacon LLC (the sponsor) and the other to SZG Limited (designee of HZJL Cayman Limited, the counterparty to a previously announced merger agreement). The notes do not bear interest and mature upon closing of the Company’s initial business combination. Proceeds were deposited into the Company’s trust account to extend the business combination completion window until February 15, 2026. Each note may be converted by its holder into Company units at $10.00 per unit, identical to the units issued in the Company’s IPO.

Key Details

• Date of issuance: January 14, 2026.
• Amounts: two unsecured promissory notes, $50,000 each (total $100,000).
• Terms: no interest, maturity upon closing of the initial business combination; convertible into IPO-style units at $10.00 per unit.
• Purpose: proceeds deposited into the trust account to extend the SPAC business combination deadline to February 15, 2026.

Why It Matters

• The filing documents a short-term financing step to keep the SPAC’s merger timeline alive by funding the trust account and extending the deadline. Investors should note the creation of a direct financial obligation (Item 2.03) and the potential dilution option for noteholders via conversion into units at $10.00 per unit. The notes are unsecured and tied to the timing and completion of the planned business combination.