Rising Dragon Acquisition | 10-K: FY2025 Revenue: USD 0
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025, the actual value is USD 0.
EBIT: As of FY2025, the actual value is USD -3.205 M.
Rising Dragon Acquisition Corp. operates as a single segment, so all reported financial metrics pertain to the company as a whole.
Net Income
- For the year ended December 31, 2025, Rising Dragon Acquisition Corp. reported a net income of $1,573,962.
- For the period from March 8, 2024 (inception) through December 31, 2024, the net income was $257,513.
Operating Costs
- Formation and operating costs were $815,284 for the year ended December 31, 2025.
- Formation and operating costs were $285,533 for the period from March 8, 2024 (inception) through December 31, 2024.
Interest Income
- Interest income earned in the Trust Account was $2,389,246 for the year ended December 31, 2025.
- Interest income earned in the Trust Account was $543,046 for the period from March 8, 2024 (inception) through December 31, 2024.
Cash Flow from Operating Activities
- Cash used in operating activities was - $660,474 for the year ended December 31, 2025.
- Cash used in operating activities was - $326,033 for the period from March 8, 2024 (inception) through December 31, 2024.
Financial Position (as of December 31, 2025)
- Cash was $37,174.
- Working capital deficit was - $382,105.
- Marketable securities held in the Trust Account totaled $44,388,583.
- Promissory note – related party was $100,000.
- Due to related party was $204,969.
Outlook / Guidance
Rising Dragon Acquisition Corp. expects to continue incurring significant costs in its acquisition plans and aims to complete a business combination before the mandatory liquidation date, with the completion window extended until April 15, 2026. However, there is no assurance that any business combination will be successfully consummated. These factors raise substantial doubt about the company’s ability to continue as a going concern.
