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Recent Updates — RDACU

August 20, 2026View Source ↗

Rising Dragon Acquisition Corp. received a notice from Nasdaq on August 19, 2026, indicating its Market Value of Listed Securities fell below the $35 million minimum for 30 consecutive business days. The company also failed to meet Equity and Net Income standards. Nasdaq granted an 180-day compliance period ending February 16, 2027, during which securities will continue trading. If the Market Value of Listed Securities closes at or above $35 million for 10 consecutive business days within this window, compliance will be restored; otherwise, delisting proceedings may follow. Rising Dragon Acquisition Corp. operates in the special purpose acquisition company industry, seeking to identify and merge with private operating companies.

July 28, 2026View Source ↗

Rising Dragon Acquisition Corp. issued three unsecured promissory notes totaling $111,274.41 to extend its business combination completion window until August 15, 2026. Two notes of $27,818.50 each were issued on June 15, 2026, to sponsor Aurora Beacon LLC and SZG Limited, with a third note of $55,637.41 issued to SZG Limited on July 15, 2026. The notes bear no interest, mature upon closing, and may be converted into units at $10.00 per unit. Proceeds were deposited in the trust account. Rising Dragon Acquisition Corp. operates as a blank check company focused on effecting a merger with an operating business.