Rising Dragon Acquisition Corp.
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 26, 2025
RDAC$11.20+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
BALANCE SHEET
AS OF DECEMBER 31, 2024
| ASSETS | |
|---|---|
| Current asset: | |
| Cash | $392,679 |
| Prepaid expense | 63,000 |
| Total current asset: | 455,679 |
| Investment held in Trust Account | 58,330,546 |
| TOTAL ASSETS | $58,786,225 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | |
| Current liabilities: | |
| Accrued liabilities | $22,500 |
| Total Current Liabilities | 22,500 |
| Deferred underwriting compensation | 1,868,750 |
| TOTAL LIABILITIES | 1,891,250 |
| Commitments and contingencies (Note 7) | |
| Ordinary shares subject to possible redemption, 5,750,000 shares issued and outstanding at redemption value of $10.14 as of December 31, 2024 | 58,330,546 |
| Shareholders’ deficit: | |
| 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, 2024 (excluding 5,750,000 shares subject to possible redemption) | 175 |
| Accumulated deficit | (1,435,746) |
| Total Shareholders’ Deficit | (1,435,571) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $58,786,225 |
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