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Shareholders approve SPAC extension to Oct 15, 2027; ~1.9M shares redeemed
Extension period extended 15 months to October 15, 2027 via monthly deposits.
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Rising Dragon issues $100K in promissory notes to extend business combination deadline to June 15, 2026
Two unsecured promissory notes of $50,000 each issued to sponsor Aurora Beacon LLC and merger counterparty designee SZG Limited.
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Rising Dragon issues $100K in promissory notes to extend business combination deadline to May 15, 2026
Two unsecured notes of $50,000 each issued to sponsor (Aurora Beacon LLC) and SZG Limited (designee of merger counterparty).
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Rising Dragon issues $200K in promissory notes to extend business combination deadline to April 15, 2026
Issued four unsecured promissory notes totaling $200K on Feb 5 and Mar 15, 2026.
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Rising Dragon appoints Xiaomin Pang as director, replacing Kei Tung Yeung
Kei Tung Yeung resigned as director on March 12, 2026, not due to any disagreement.
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Rising Dragon Acquisition issues $100K in notes to extend business combination deadline to Feb 15, 2026
Issued two unsecured promissory notes of $50,000 each to sponsor Aurora Beacon LLC and SZG Limited.
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Rising Dragon Acquisition Corp. revises extension fee to $100,000/month; 1.55M shares redeemed at meeting
Amended Monthly Extension Fee set at $100,000 per one-month extension, aligning with trust agreement methodology.
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Rising Dragon shareholders approve reduced extension fee; 1.55M shares redeemed
Shareholders approved trust amendment lowering monthly extension fee to lesser of $100,000 or $0.033 per remaining public share.
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Rising Dragon shareholders approve HZJL merger; 5.7M shares tendered for redemption (~76%)
All six proposals passed with ~4.78M votes for and ~273K against at Nov 20 EGM.
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Rising Dragon Acquisition postpones EGM to Nov 20, extends redemption deadline to Nov 18
Extraordinary General Meeting postponed from Oct 20, 2025 to Nov 20, 2025, at same location and record date.
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Rising Dragon director Garner resigns; Zhang appointed as independent director
Robert Wilson Garner resigned as independent director and committee chair, effective March 2, 2025, for personal reasons.
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Rising Dragon Acquisition Corp. enters into merger agreement with HZJL Cayman Limited for $350M business combination
Deal value of $350 million payable in 35 million shares of Xpand Boom Technology at $10.00 per share.
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Rising Dragon Acquisition Corp. Announces Separate Trading of Ordinary Shares and Rights Starting December 2, 2024
Effective December 2, 2024, holders of RDACU units may elect to separate into ordinary shares (RDAC) and rights (RDACR) trading on Nasdaq.
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Rising Dragon Acquisition files post-IPO balance sheet: $57.8M trust, going concern risk
IPO of 5.75M units at $10.00 closed Oct 15; gross proceeds $57.5M.
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Rising Dragon Acquisition Corp. closes $57.5M IPO, deposits $57.8M in trust for business combination
IPO of 5,750,000 units at $10/unit, including full over-allotment exercise; Units trade as RDACU on Nasdaq.