Rising Dragon Acquisition Corp. reported a 13G/A filing showing RiverNorth Capital Management, LLC beneficially owns 494,487 ordinary shares, representing 8.31% of the class. The filing states RiverNorth has sole voting and dispositive power over the 494,487 shares.
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Insights
Large registered investment manager holds an 8.31% stake.
RiverNorth Capital Management, LLC is disclosed as beneficial owner of 494,487 shares with sole voting and dispositive authority. The filing identifies the position size and control rights but does not indicate any planned transactions.
Implications depend on holder decisions and subsequent filings; future Schedule 13D/13G amendments could disclose changes in intent or activity.
Position is passive as reported under 13G/A conventions.
The filing is presented on a Schedule 13G/A form, which typically signals passive investment reporting rather than an active acquisition intent. The disclosure lists sole voting/dispositive power for the reported shares.
Watch for any amendment that changes classification or increases holdings; this filing alone documents current ownership only.
Key Figures
Shares beneficially owned:494,487 sharesPercent of class:8.31%Sole voting power:494,487 shares+1 more
4 metrics
Shares beneficially owned494,487 sharesAmount reported under Item 4 of Schedule 13G/A
Percent of class8.31%Percent of ordinary shares reported in Item 4
Sole voting power494,487 sharesSole power to vote or direct the vote (Item 4(i))
Sole dispositive power494,487 sharesSole power to dispose or direct disposition (Item 4(iii))
Key Terms
Schedule 13G/A, Beneficially owned, Sole dispositive power
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 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 powerregulatory
"Item 4(iii) Sole power to dispose or to direct the disposition of: 494,487"
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.
What stake does RiverNorth Capital (RDAC) report in the Schedule 13G/A?
RiverNorth Capital Management, LLC reports beneficial ownership of 494,487 shares, equal to 8.31% of the ordinary shares. The filing lists sole voting and dispositive power over the reported shares.
Does the Schedule 13G/A indicate RiverNorth will sell or buy more RDAC shares?
The filing does not state any planned purchases or sales. It only reports current beneficial ownership of 494,487 shares and control over voting and disposition; no transaction intentions are disclosed in the excerpt.
Who signed the filing for RiverNorth on behalf of the reporting entity?
The Schedule 13G/A is signed by Marcus Collins, General Counsel and Chief Compliance Officer, with signature date 05/15/2026, certifying the reported ownership and powers.
What CUSIP and share class are reported in the filing?
The filing references CUSIP G7576K107 and identifies the security as Ordinary Shares of Rising Dragon Acquisition Corp. The ownership figure shown is 494,487 shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Rising Dragon Acquisition Corp.
(Name of Issuer)
Ordinary Shares
(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
RIVERNORTH CAPITAL MANAGEMENT, LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
494,487.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
494,487.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
494,487.00
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)
8.31 %
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, F4, 030000
Item 2.
(a)
Name of person filing:
RiverNorth Capital Management, LLC
(b)
Address or principal business office or, if none, residence:
360 S. Rosemary Avenue, Ste. 1420
West Palm Beach, Florida 33401
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Ordinary Shares
(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:
494,487
(b)
Percent of class:
8.31 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
494,487
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
494,487
(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.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Other persons have the right to receive the proceeds from the sale of the securities reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Not applicable.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable.
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
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.
RIVERNORTH CAPITAL MANAGEMENT, LLC
Signature:
/s/ Marcus Collins
Name/Title:
Marcus Collins, General Counsel and Chief Compliance Officer
