Rising Dragon Acquisition Corp.
Business
Rising Dragon Acquisition Corp. is a blank-check company incorporated in the Cayman Islands formed to identify and acquire a target business through merger or asset acquisition. The company announced a proposed business combination with HZJL Cayman Limited, targeting companies in green energy, new technologies, artificial intelligence, software, and healthcare across North America, Europe, and Asia-Pacific. The company's management, sponsor, and board have significant ties to China but have committed not to pursue combinations with VIE-structured companies.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation and operating costs | −815,284 | |
| Interest income earned in investment held in Trust Account | 2 | |
| Total other income | 2 | |
| NET INCOME | 2 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-02-29 |
|---|---|---|---|---|
| Cash | 37,174 | 392,679 | — | |
| Prepaid expense | — | 63,000 | — | |
| Total current assets: | 37,174 | 455,679 | — | |
| Investment held in Trust Account | 44 | 58 | — | |
| TOTAL ASSETS | 44 | 59 | — | |
| Accrued liabilities | 114,310 | 22,500 | — | |
| Promissory note related party | 100,000 | — | — | |
| Total current liabilities | 419,279 | 22,500 | — | |
| Deferred underwriting compensation | 2 | 2 | — | |
| TOTAL LIABILITIES | 2 | 2 | — | |
| Commitments and contingencies (Note 7) | — | — | — | |
| Ordinary shares subject to possible redemption, 4,201,655 and 5,750,000 shares issued and outstanding at redemption value of $10.56 and $10.14 as of December 31, 2025 and 2024, respectively | 44 | 58 | — | |
| Preference shares, $0.0001 par value; 500,000 shares authorized; no shares issued and outstanding | — | — | — | |
| Ordinary shares, $0.0001 par value; 55,000,000 shares authorized; 1,749,375 shares issued and outstanding as of December 31, 2025 and 2024 (excluding 4,201,655 and 5,750,000 shares subject to possible redemption) | 175 | 175 | — | |
| Accumulated deficit | −2 | −1 | — | |
| Total Shareholders Deficit | −2 | −1 | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | 44 | 59 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Prepaid expense | 63,000 | |
| Accrued liabilities | 91,810 | |
| Net cash used in operating activities | −660,474 | |
| Cash withdrawn from trust account in connection to redemption | 16 | |
| Proceeds deposited in Trust Account | — | |
| Net cash provided by (used in) investing activities | 16 | |
| Redemption of ordinary shares | −16 | |
| Advance from related party | 204,969 | |
| Proceeds from public offering, net of offering costs | — | |
| Proceeds from private placement | — | |
| Proceeds from promissory note related party | 100,000 | |
| Repayment of promissory note related party | — | |
| Net cash (used in) provided by financing activities | −16 | |
| NET CHANGE IN CASH | −355,505 | |
| Issuance of representative shares | — | |
| Initial classification of ordinary shares subject to possible redemption | — | |
| Allocation of carrying value to redemption value | — | |
| Capital contribution paid by a related party | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Rising Dragon Acquisition Corp.'s CIK number?
Rising Dragon Acquisition Corp.'s SEC CIK number is 0002018145 (2018145). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Rising Dragon Acquisition Corp.'s SEC filings?
All of Rising Dragon Acquisition Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.