Every 10-Q that Rising Dragon Acquisition Corp. (RDAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RDAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RDAC filings page.
Rising Dragon Acquisition Corp. is a Cayman Islands SPAC that has not yet begun operating activities and is pursuing a Business Combination with HZJL Cayman Limited under a Merger Agreement calling for $350 million in stock consideration valued at $10.00 per share. The company has extended its deal deadline multiple times and now has until August 15, 2026 to close a transaction.
As of June 30, 2026, total assets were $18,426,287, almost entirely cash in the Trust Account of $18,370,925, following significant redemptions that reduced ordinary shares subject to possible redemption to 1,685,982. Cash outside the trust was only $8,695, with a working capital deficit of $1,326,710.
For the six months ended June 30, 2026, Rising Dragon reported net income of $296,620, driven by $685,588 of interest on trust investments, offset by $388,968 of formation and operating costs. The company relied on related-party financing, including $655,637 in promissory notes and $650,241 of advances, and disclosed substantial doubt about its ability to continue as a going concern if it cannot complete a business combination by the deadline.
Rising Dragon Acquisition Corp. reported a small net income of $211,963 for the quarter ended March 31, 2026, driven entirely by interest income of $380,783 on cash held in its SPAC trust account. Formation and operating costs were $168,820, so the company still has no operating business and no revenue.
Total assets were $45.1M, almost all in the trust account of $45.05M, while cash outside the trust was only $9,470 and working capital showed a deficit of about $850,925. The company has $2.8M of liabilities, including a $1.87M deferred underwriting fee and related-party promissory notes and advances totaling over $800,000. A business combination with HZJL Cayman Limited valued at $350M in stock is pending, and the SPAC has extended its deadline to complete a deal to May 15, 2026 via multiple $100,000 monthly deposits into the trust. Management states that failure to close a transaction by the deadline, which would trigger liquidation and redemption of public shares, raises substantial doubt about the company’s ability to continue as a going concern.
Rising Dragon Acquisition Corp. (RDAC) filed its Q3 2025 report, showing a SPAC-stage balance sheet anchored by $60,158,456 in its trust account and $5,620 in cash outside the trust as of September 30, 2025. The company reported Q3 net income of $452,318, driven by $622,306 of interest income on trust investments, offset by $169,988 of operating costs. Year to date, net income totaled $1,305,166.
Ordinary shares subject to redemption were 5,750,000 at a redemption value of $10.46 per share. RDAC disclosed a working capital deficit of $89,565 and a deferred underwriting payable of $1,868,750. Management noted substantial doubt about continuing as a going concern if a business combination is not completed within the permitted timeframe.
RDAC entered a merger agreement with HZJL Cayman Limited with aggregate consideration of $350 million, payable in newly issued shares valued at $10.00 per share, subject to required approvals and other customary conditions. Total ordinary shares outstanding were 7,499,375 as of November 5, 2025.