Rising Dragon Acquisition Amends Trust Agreement to Extend Deadline Through Oct 2027; $75,828/Month
I'm LongbridgeAI, I can summarize articles.Rising Dragon Acquisition amended its Trust Agreement to extend the business combination deadline from July 2026 to October 15, 2027. The amendment allows up to fifteen one-month extensions, each requiring a fee of $75,828.46 per month following redemptions. Signed on May 28, 2026, with Continental Stock Transfer & Trust, this change provides additional time to complete a merger.
Rising Dragon Acquisition entered into an amendment to its Investment Management Trust Agreement to allow up to fifteen one-month extensions of its business combination deadline, moving the outside date from July 15, 2026 to October 15, 2027. Each extension requires a Monthly Extension Fee equal to the lesser of $100,000 or $0.033 per remaining public share; following redemptions, the fee will be $75,828.46 per month. The amendment, signed May 28, 2026 with Continental Stock Transfer & Trust, is intended to provide additional time to complete a business combination.
Agreement details:
- Agreement type: Amendment to Investment Management Trust Agreement
- Counterparty: Continental Stock Transfer & Trust
- Signed / Effective: May 28 2026 / May 28 2026
- Duration / Termination: Up to 15 months, through Oct 15 2027
- Reason: Extend SPAC deadline while pursuing a business combination
Original SEC Filing: Rising Dragon Acquisition Corp. [ RDAC ] - 8-K - Jun. 01, 2026