debt
confidence high
sentiment neutral
materiality 0.30
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.