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AI brief of an SEC Form 8-K · Rising Dragon Acquisition Corp. (RDAC)

Rising Dragon Acquisition ends HZJL merger deal; $455,919.41 in notes survive

Negative Impact 4 of 5 m&a Written later

Rising Dragon Acquisition Corp. and HZJL Cayman Limited mutually agreed to terminate their January 27, 2025 Merger Agreement, effective October 30, 2026, with no termination fee payable by either party. Unsecured promissory notes issued to SZG Limited and Aurora Beacon LLC survive the termination, and the company says it will continue to pursue an initial business combination with an appropriate target.

Key points

  • Merger Agreement dated January 27, 2025 terminated effective 11:59 p.m. Eastern Time on October 30, 2026; no termination fee payable
  • Promissory notes issued to SZG Limited between January 14, 2026 and October 15, 2026 total $455,919.41 in principal and are not cancelled by the termination
  • Notes are due only at closing of a later business combination and are cancelled if that combination does not close
  • Lock-up and registration rights agreements contemplated for the deal were not executed

The filing

CompanyRising Dragon Acquisition Corp. (RDAC)
Form8-K, current report
Filed with the SECNov 3, 2026, 8:18 AM ET
Accession number0001213900-26-115158

Items reported: 1.02 Termination of Material Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.