Rising Dragon Acquisition Corp. issued two unsecured promissory notes totaling $100,000 on April 15, 2026, to extend its business combination deadline to May 15, 2026.
Key takeaways
The Company issued two unsecured promissory notes with a principal amount of $50,000 each, totaling $100,000.
Proceeds were deposited into the trust account to extend the business combination completion window until May 15, 2026.
The Notes do not bear interest and mature upon the closing of the initial business combination.
Holders may convert the Notes into units at a price of $10.00 per unit upon closing of the business combination.
One note was issued to the sponsor Aurora Beacon LLC and one to SZG Limited, a designee of the merger counterparty.