Rising Dragon Acquisition Corp. (RDAC) · Oct 29, 2026 · New debt
$44,449 promissory note — Principal amount: $44,448.73
Rising Dragon’s new promissory note adds $44,448.73 of sponsor debt, funding continued runway without reaching into the trust account.
Rising Dragon is still a blank-check company trying to complete its proposed HZJL business combination, with repeated sponsor-funded notes being used to keep the vehicle alive while that transaction remains unfinished.
The filing adds another small bridge, not a new strategic development. RDAC issued Aurora Beacon LLC a note for $44,448.73. 〔0〕 This is partly known in character: prior filings show the company has repeatedly relied on sponsor and transaction-counterparty notes to extend its business-combination timetable.
The trust is insulated, but the company’s dependence on financing continues. The payee gives up claims against the trust account, leaving the note enforceable only against assets outside the trust or after funds are released from the trust. 〔1〕 That protects the redemption pool, but it also confirms this is operating runway for a SPAC that still has not converted its merger plan into a completed transaction. The supplied excerpt does not state an interest rate or repayment date, so the full economic burden cannot be assessed.
Bottom line: This is a modest, routine financing step that keeps the merger vehicle functioning but does not advance the HZJL combination itself. It matters mainly as another reminder that completion remains pending and requires continued sponsor support.
HZJL business combination closing
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