Rising Dragon Acquisition Corp. (RDAC): debt financing — Rising Dragon issues $100K in promissory notes to extend business combination deadline to June 15, 2026

Rising Dragon Acquisition Corp.

Two unsecured promissory notes of $50,000 each issued to sponsor Aurora Beacon LLC and merger counterparty designee SZG Limited.
Notes bear no interest, mature upon closing of a business combination, and proceeds deposited into trust account.
Proceeds used to extend the business combination completion window until June 15, 2026.
Holders may convert notes into SPAC units at $10.00 per unit upon closing of a business combination.
If merger agreement is terminated under certain conditions, notes are cancelled with no further obligation.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Rising Dragon Acquisition Corp. incurred loan of $50,000 each with Aurora Beacon LLC and SZG Limited at not bear interest maturing upon closing of the Company’s initial business combination.

Instrument: loan
Principal: $50,000 each
Counterparty: Aurora Beacon LLC and SZG Limited
Rate: not bear interest
Maturity: upon closing of the Company’s initial business combination
Event: incurrence

Exact text from the filing

On May 15, 2026, Rising Dragon Acquisition Corp. (the “Company” or “Rising Dragon”) issued two unsecured promissory notes, each with a principal amount of $50,000 (the “Notes”), one to Aurora Beacon LLC, the Company’s sponsor, and one to SZG Limited, the designee of HZJL Cayman Limited, the counterparty to the previously announced agreement and plan of merger dated as of January 27, 2025, pursuant to which a proposed business combination among HZJL Cayman Limited, Rising Dragon, Purchaser and Merger Sub would occur.

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Source: SEC EDGAR

accession 0001213900-26-061083

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