Loan & DebtJul 29, 2026, 06:07 AM
Rising Dragon Issues $111.3K Notes to Extend Merger Deadline
AI Summary
Rising Dragon Acquisition Corp. issued unsecured promissory notes totaling $111,274.41 to its sponsor, Aurora Beacon LLC, and SZG Limited, a counterparty to its previously announced merger agreement. The proceeds from these non-interest-bearing notes have been deposited into the company's trust account. This action extends the deadline for completing its business combination until August 15, 2026, with the notes convertible into company units at $10.00 per unit.
Key Highlights
- Issued two unsecured promissory notes on June 15, 2026, each for $27,818.5.
- Issued an additional unsecured promissory note on July 15, 2026, for $55,637.41.
- Total principal amount of notes issued is $111,274.41.
- Notes issued to Aurora Beacon LLC (sponsor) and SZG Limited (merger counterparty).
- Proceeds deposited into trust account to extend business combination deadline.
- Business combination completion window extended until August 15, 2026.
- Notes are non-interest bearing and mature upon business combination closing.
- Notes are convertible into company units at $10.00 per unit.
Price Impact
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