Rising Dragon Acquisition Corp. entered into financing arrangements to extend the time it has to complete its initial business combination. On February 5, 2026 and March 15, 2026, the company issued four unsecured promissory notes with an aggregate principal amount of $200,000, split equally between its sponsor Aurora Beacon LLC and SZG Limited. The notes bear no interest, mature upon closing of the initial business combination, and their proceeds were deposited into the company’s trust account to extend the business combination completion window until April 15, 2026. Each note is convertible, at the holder’s option, into units identical to the IPO units at $10.00 per unit.
Rising Dragon Acquisition Corp. reported a board change. On March 12, 2026, director Kei Tung Yeung resigned, and the company stated his resignation did not result from any disagreement with the company. On the same day, Xiaomin Pang, a 53-year-old Chinese Certified Public Accountant and Certified Tax Agent, was appointed to succeed him.
Mr. Pang has over 25 years of experience in accounting, auditing, and financial management, including leading audit engagements and serving as chief financial officer for several Chinese companies. The company believes his expertise in audit, financial controls, and corporate governance will strengthen its financial reporting and risk management. He has no family relationships with existing executives or directors, and the company reports no related-party transactions involving him over the past two years.
Karpus Management, Inc., doing business as Karpus Investment Management, reported a significant ownership stake in Rising Dragon Acquisition Corp. common shares. Karpus beneficially owns 736,550 shares, representing 9.82% of the outstanding common stock.
Karpus, a New York investment adviser, has sole voting and sole dispositive power over all these shares, which are held in accounts it manages. The firm states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Rising Dragon Acquisition Corp.
Rising Dragon Acquisition Corp. is the issuer, and this amended Schedule 13G shows that Bank of Montreal and its related entities now report 0 shares of common stock beneficially owned, representing 0% of the class as of December 31, 2025.
Each reporting entity lists no sole or shared voting or dispositive power and confirms ownership of 5 percent or less of the class. The filing also states the securities were acquired and are held in the ordinary course of business, without any intent to change or influence control of the company.
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC filed an amended Schedule 13G reporting beneficial ownership in Rising Dragon Acquisition Corp ordinary shares as of 12/31/2025. They report beneficial ownership of 142,162 ordinary shares, representing 1.9% of the class, with shared voting and dispositive power and no sole power.
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Rising Dragon Acquisition Corp, other than activities solely in connection with a nomination under the relevant SEC proxy rule.
Rising Dragon Acquisition Corp. entered into two unsecured promissory notes on January 14, 2026, each with a principal amount of $50,000. One note was issued to its sponsor, Aurora Beacon LLC, and the other to SZG Limited, the designee of HZJL Cayman Limited, the counterparty to a previously announced merger agreement. The notes bear no interest and mature upon the closing of Rising Dragon’s initial business combination.
The company deposited the note proceeds into its trust account to extend the deadline to complete a business combination until February 15, 2026. Each note may be converted by the holder into units of Rising Dragon identical to those sold in its initial public offering at a price of $10.00 per unit, providing a potential equity-linked component to this short-term financing.
RiverNorth Capital Management, LLC reports beneficial ownership of 495,000 Ordinary Shares of Rising Dragon Acquisition Corp, equal to 6.6% of the class. The filer states it has sole voting and sole dispositive power over all 495,000 shares, meaning it can vote and sell those shares without sharing authority. The filing identifies the filer as an investment adviser (IA) and includes a certification that the securities are held in the ordinary course of business and not to change or influence control. The filing also notes other persons have rights to receive proceeds from sale of the reported securities.
Mizuho Financial Group filed a Schedule 13G/A reporting beneficial ownership of 580,001 common shares of Rising Dragon Acquisition Corp., representing 7.7% of the class. The filing states Mizuho has sole voting and sole dispositive power over those shares and that the position is held in the ordinary course of business and not for the purpose of changing or influencing control. The filing also notes potential indirect ownership through affiliated entities and identifies Mizuho as a parent holding company with a relevant subsidiary involved in the holding.
Rising Dragon Acquisition Corp is the subject of a Schedule 13G filing showing that TD Securities (USA) LLC beneficially owns 318,777 ordinary shares, equal to 4.3% of the outstanding class. TD Securities reports it has the sole voting and sole dispositive power over these shares. Affiliated entities Toronto Dominion Holdings USA Inc., TD Group US Holdings LLC and Toronto Dominion Bank report 0 direct holdings but are joint filers and may be deemed to have an indirect interest through ownership of the reporting chain; each disclaims ownership except to the extent of pecuniary interest. The filing includes a joint filing agreement and lists the issuer's principal executive office in Taiyuan, China.