Rising Dragon Acquisition FY26 Q2 net income drops 78.78% to $84,657
RDAC•Quarterly and six-month results
Rising Dragon Acquisition posted net income of $84,657 for the quarter ended June 30, 2026, down 78.78% from a year earlier.
Trust Account interest income fell 49.89% to $304,805, while formation and operating costs rose 5.11% to $220,148.
Six-month net income slid 65.22% to $296,620 on Trust Account interest of $685,588, offset by $388,968 of costs.
Cash position and business combination status
Cash outside the Trust Account totaled $8,695, while marketable securities in the Trust Account stood at $18.37 million as of June 30, 2026.
The company remains focused on its planned business combination with HZJL Cayman Limited, which is still subject to regulatory and shareholder approvals.
