---
title: "RISING DRAGON ACQUISITION CORP COM USD0.0001 15/11/2028 (SUBS/RT) | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286312448.md"
datetime: "2026-05-13T20:25:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286312448.md)
  - [en](https://longbridge.com/en/news/286312448.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286312448.md)
generator: "portal-rs"
---

# RISING DRAGON ACQUISITION CORP COM USD0.0001 15/11/2028 (SUBS/RT) | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EBIT: As of FY2026 Q1, the actual value is USD -549.6 K.

#### Net Income

RISING DRAGON ACQUISITION CORP. reported a net income of $211,963 for the three months ended March 31, 2026, which is a decrease from $453,867 for the same period in 2025.

#### Interest Income and Operating Costs

Interest income earned on investments in the Trust Account was $380,783 for the three months ended March 31, 2026, down from $597,157 for the corresponding period in 2025. Formation and operating costs increased to $168,820 for the three months ended March 31, 2026, compared to $143,290 for the three months ended March 31, 2025.

#### Cash and Working Capital

As of March 31, 2026, the company had $9,470 in cash in its operating bank account and a working capital deficit of approximately -$850,925. This compares to $37,174 in cash as of December 31, 2025. The investment held in the Trust Account increased to $45,052,492 as of March 31, 2026, from $44,388,583 as of December 31, 2025.

#### Cash Flow from Operating Activities

Net cash used in operating activities was -$260,504 for the three months ended March 31, 2026, an increase from -$125,290 for the same period in 2025.

#### Cash Flow from Investing Activities

Net cash used in investing activities amounted to -$283,126 for the three months ended March 31, 2026, including $16,874 withdrawn from the Trust Account for redemption and -$300,000 deposited into the Trust Account. There were no investing activities for the three months ended March 31, 2025.

#### Cash Flow from Financing Activities

Net cash provided by financing activities was $515,926 for the three months ended March 31, 2026, which included -$16,874 from redemption of ordinary shares, $232,800 from advances from related parties, and $300,000 from proceeds from promissory notes – related parties. For the same period in 2025, net cash provided by financing activities was $2,870, primarily from advances from related parties.

#### Future Outlook and Strategy

RISING DRAGON ACQUISITION CORP. is a blank check company focused on consummating a business combination and has a Merger Agreement with HZJL Cayman Limited for an aggregate consideration of $350 million. The deadline to complete the business combination has been extended to May 15, 2026, through deposits into the Trust Account. Management has identified that failure to complete a business combination within the prescribed period raises substantial doubt about the company’s ability to continue as a going concern, as it would lead to liquidation.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**