Karpus reports 12.38% stake in Rising Dragon

Rising Dragon Acquisition Corp. ownership disclosure: Karpus Management, Inc. reports beneficial ownership of 736,550 shares of Common stock, representing 12.38% of the class.

Rhea-AI Filing Summary

Rising Dragon Acquisition Corp. ownership disclosure: Karpus Management, Inc. reports beneficial ownership of 736,550 shares of Common stock, representing 12.38% of the class. The filing states Karpus has sole voting and sole dispositive power over these shares. Signature date is 05/14/2026.

Insights

Institutional Ownership Analyst

Institutional holder reports a 12.38% stake with full voting and dispositive control.

Karpus Management, Inc. discloses beneficial ownership of 736,550 shares with sole voting and dispositive power. The statement clarifies investment independence from its parent, City of London Investment Group plc, citing established informational barriers.

This filing updates the ownership snapshot and could affect shareholder concentration metrics; subsequent filings would show any changes to this position.

Corporate Governance Specialist

Disclosure confirms who controls voting and disposition for a >10% position.

The filing identifies Karpus as the exercising entity for voting and disposition rights, not CLIG, referencing SEC guidance (Release No. 34-39538). That attribution affects who is considered the controlling beneficial owner for governance calculations.

Future disclosures may clarify whether this position triggers any Schedule 13D thresholds or other reporting changes.

Key Figures

Beneficial ownership: 736,550 shares Percent of class: 12.38% Sole voting power: 736,550 shares +2 more

5 metrics

Beneficial ownership 736,550 shares Common stock reported by Karpus Management

Percent of class 12.38% Percent of common stock class beneficially owned

Sole voting power 736,550 shares Number with sole power to vote as reported

Sole dispositive power 736,550 shares Number with sole power to dispose as reported

Signature date 05/14/2026 Date of signing the Schedule 13G/A

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, informational barriers

4 terms

Schedule 13G/A regulatory

"This statement is being filed by Karpus Management, Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 736,550.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole Dispositive Power 736,550.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

informational barriers regulatory

"effective informational barriers have been established"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Karpus Management hold in RDAC?

Karpus Management reports beneficial ownership of 736,550 shares, representing 12.38% of RDAC's common stock, with sole voting and dispositive power as disclosed in the filing.

Who is reported as exercising voting power over RDAC shares?

The filing states that Karpus Management, Inc. holds sole voting power and sole dispositive power over the 736,550 shares reported in the Schedule 13G/A.

Does City of London Investment Group (CLIG) control the disclosed RDAC position?

The filing explains CLIG controls Karpus but cites established informational barriers per SEC Release No. 34-39538, stating Karpus exercises voting and investment power independently of CLIG.

When was the Schedule 13G/A signed for this RDAC disclosure?

The signature block shows the Schedule 13G/A was signed by Jodi L. Hedberg (Chief Compliance Officer) on 05/14/2026, which serves as the filing's execution date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 04:14 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Rising Dragon Acquisition Corp.

(Name of Issuer)

Common

(Title of Class of Securities)

G7576K107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G7576K107

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 736,550.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 736,550.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

736,550.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.38 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Rising Dragon Acquisition Corp.
(b)	Address of issuer's principal executive offices: No. 604, Yixing Road, Wanbolin District, Taiyuan City, Shanxi Province, People's Republic of China, 030024
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.: G7576K107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 736,550.00
(b)	Percent of class: 12.38 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 736,550.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 736,550.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	05/14/2026