Rising Dragon Acquisition Corp.
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
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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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Statements of Changes in Shareholders’ Deficit
STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT
| Ordinary shares · Additional · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| No. of shares · Amount · paid-in capital · Accumulated deficit · Shareholders’ deficit | |||||||||
| Issuance of ordinary shares at inception March 8, 2024 | 1 | $ | - | $ | - | $ | - | $ | - |
| Ordinary share surrendered | (1) | - | - | - | - | ||||
| Issuance of ordinary shares to founder | 1,437,500 | 144 | 24,856 | - | 25,000 | ||||
| Sale of units in initial public offering, net of offering costs | 5,750,000 | 575 | 54,068,137 | - | 54,068,712 | ||||
| Sale of units to the founder in private placement | 254,375 | 25 | 2,543,725 | - | 2,543,750 | ||||
| Issuance of representative shares | 57,500 | 6 | (6) | - | - | ||||
| Initial classification of ordinary shares subject to possible redemption | (5,750,000) | (575) | (53,888,835) | - | (53,889,410) | ||||
| Allocation of offering costs to ordinary shares subject to redemption | - | - | 3,215,828 | - | 3,215,828 | ||||
| Accretion of carrying value to redemption value | - | - | (5,963,705) | (1,150,213) | (7,113,918) | ||||
| Subsequent remeasurement of ordinary shares subject to redemption | - | - | - | (543,046) | (543,046) | ||||
| Net income | - | - | - | 257,513 | 257,513 | ||||
| Balance as of December 31, 2024 | 1,749,375 | $175 | $ | - | $(1,435,746) | $(1,435,571) | |||
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