Rising Dragon Acquisition issues $55,637 promissory note to SZG Limited for deal-extension funding - RDAC News | RalliesRising Dragon Acquisition issues $55,637 promissory note to SZG Limited for deal-extension funding
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RDAC• Deal-extension funding through promissory notes
- Rising Dragon issued $111,274.41 in unsecured promissory notes to Aurora Beacon and SZG Limited on June 15 and July 15, 2026.
- Notes carry no interest and mature at the closing of the initial business combination.
- Proceeds were deposited into the trust account to extend the business combination deadline to Aug. 15, 2026.
- Holders can convert the notes into IPO units at USD 10 per unit.
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