Rising Dragon Acquisition Corp. 8-K

What Happened

• Rising Dragon Acquisition Corp. announced on April 15, 2026 that it issued two unsecured promissory notes, each for $50,000, one to sponsor Aurora Beacon LLC and one to SZG Limited (designee of HZJL Cayman Limited).
• The notes bear no interest, mature upon closing of the Company’s initial business combination, and may be converted into units at $10.00 per unit. Proceeds were deposited into the Company’s trust account to extend the business combination completion window until May 15, 2026.

Key Details

• Date of issuance: April 15, 2026.
• Amounts: Two notes, $50,000 each (total $100,000).
• Holders: Aurora Beacon LLC (sponsor) and SZG Limited (designee of HZJL Cayman Limited).
• Terms: Unsecured, no interest, mature at closing of the initial business combination; convertible into units at $10.00 per unit.
• Purpose: Proceeds deposited to the trust account to extend the SPAC’s business combination deadline to May 15, 2026.

Why It Matters

• The notes provide short-term funding to keep the SPAC’s trust-funded deadline active while pursuing its announced merger/business combination; this reduces immediate liquidation risk before the new May 15, 2026 deadline.
• The notes are convertible into units at $10, which could dilute existing public shareholders if conversion occurs as part of closing.
• Investors should note the arrangement is a financing/extension mechanism and not a disclosure of new financial results or changes to the underlying merger terms.