Rising Dragon Acquisition Corp. filed a Form 8-K on October 29, 2026, reporting the issuance on October 15, 2026, of two unsecured promissory notes totaling $55,637.41 to extend the deadline for completing its initial business combination to November 15, 2026.

Key Highlights

  • Two notes issued: The company issued an $11,188.68 unsecured promissory note to SZG Limited and a $44,448.73 unsecured promissory note to Aurora Beacon LLC, the company's sponsor, on October 15, 2026.
  • Aggregate principal: The combined principal amount of the two notes is $55,637.41, according to the filing.
  • No interest: The notes do not bear interest and are payable upon consummation of the company's initial business combination.
  • Trust account deposit: Proceeds from the notes were deposited into the company's trust account to extend the time available to complete the initial business combination until November 15, 2026.
  • Conversion option: Each note holder may elect, upon at least five business days' written notice prior to closing, to convert the note in whole or in part into private units at $10.00 per unit.
  • Pending merger: SZG Limited is the designee of HZJL Cayman Limited, the counterparty to a previously announced agreement and plan of merger dated January 27, 2025.

Rising Dragon Acquisition Corp. Issues Dual Promissory Notes to Fund Trust Extension

According to the Form 8-K filed with the SEC on October 29, 2026, Rising Dragon Acquisition Corp. (NASDAQ:RDAC) entered into two unsecured promissory notes on October 15, 2026. The first, referred to in the filing as the "SZG Note," was issued to SZG Limited in the principal amount of $11,188.68. The second, referred to as the "Sponsor Note," was issued to Aurora Beacon LLC, the company's sponsor, in the principal amount of $44,448.73. Together, the filing discloses, the aggregate principal amount of the notes is $55,637.41.

The filing states that the proceeds were deposited into the company's trust account specifically to extend the time available for the company to consummate its initial business combination, with the new deadline set at November 15, 2026. The notes do not bear interest and are payable on the date the company completes its initial business combination, according to the disclosure.

The filing also describes a conversion feature: each note holder may elect, upon at least five business days' written notice prior to the closing of the business combination, to convert the note in whole or in part into private units of the company at a price of $10.00 per unit. The filing notes that SZG Limited is the designee of HZJL Cayman Limited, the counterparty to a previously announced agreement and plan of merger dated January 27, 2025, involving the company, a purchaser, and a merger subsidiary. The full text of each note was filed as Exhibits 10.1 and 10.2 to the current report.

What Was Disclosed

Rising Dragon Acquisition Corp. disclosed the October 15, 2026 issuance of two unsecured, non-interest-bearing promissory notes totaling $55,637.41 to its sponsor and a merger counterparty designee, with proceeds deposited into trust to extend its business combination deadline to November 15, 2026.