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Rising Dragon Acquisition Corp.
RDACRCIK 0002018145NasdaqEmerging GrowthBlank ChecksCNFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.57M
Total Assets
$44.43M
Equity
$-2.25M
Shares Out
5.95M
Op. Cash Flow
$-660.5K
Business
Rising Dragon Acquisition Corp. is a special purpose acquisition company formed to identify and complete an initial business combination with one or more target businesses. It offers units through a public offering and private placement, maintains proceeds in a trust account, and provides shareholders redemption rights upon a business combination. Its operations include target search, due diligence, structuring transactions and a pending merger agreement with HZJL, guided by an experienced management team. The company pursues targets globally with emphasis on North America, Europe and APAC and has significant ties to China and Nasdaq listing plans.
Summary from filing dated 2025-03-26
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| 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
As of · In millions, except per-share amounts
| 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
Year Ended · In millions, except per-share amounts
| 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
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