Rising Dragon Acquisition Corp.: issues promissory notes of $111,274.82

What happened

• Rising Dragon Acquisition Corp. filed an 8-K on Oct 13, 2026 reporting that it issued unsecured promissory notes to SZG Limited. On Aug 15, 2026 the company issued a promissory note in the principal amount of $55,637.41 (the “August Note”), and on Sep 15, 2026 it issued a second promissory note in the principal amount of $55,637.41 (the “September Note”), for total principal of $111,274.82. The notes do not bear interest and are payable on the date the company consummates its initial business combination.

Key details

• Notes issued to SZG Limited, the designee of HZJL Cayman Limited, counterparty to the Merger Agreement dated Jan 27, 2025.
• Proceeds were deposited in the company’s trust account to extend the time to consummate its initial business combination until Oct 15, 2026.
• Holder may elect, with at least 5 business days’ written notice prior to closing, to convert the notes, in whole or in part, into private units at $10.00 per unit.
• The filing reports Item 2.03 (creation of a direct financial obligation) related to these notes.

Why it may matter

• The filing reports Item 2.03, which covers the creation of a direct financial obligation through the unsecured promissory notes described above.
• A filing does not show why the insider traded or why the company acted.