Loan & DebtMay 26, 2026, 05:07 PM
Rising Dragon Issues $100K Notes to Extend Merger Deadline to June 15
AI Summary
Rising Dragon Acquisition Corp. issued two unsecured promissory notes, each for $50,000, to its sponsor Aurora Beacon LLC and SZG Limited, a designee of its merger counterparty. The total proceeds of $100,000 have been deposited into the company's trust account to extend the deadline for completing its initial business combination until June 15, 2026. The notes are non-interest bearing and are convertible into company units at $10.00 per unit.
Key Highlights
- Rising Dragon Acquisition Corp. issued two unsecured promissory notes on May 15, 2026.
- Each promissory note has a principal amount of $50,000, totaling $100,000.
- Notes were issued to Aurora Beacon LLC (sponsor) and SZG Limited (merger counterparty's designee).
- Proceeds of $100,000 were deposited into the company's trust account.
- The funds extend the business combination completion window until June 15, 2026.
- Notes do not bear interest and mature upon the closing of the initial business combination.
- Holders can convert notes into company units at $10.00 per unit.
Price Impact
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