Rising Dragon Acquisition Corp. Files Q3 2024 10-Q
Ticker: RDACU · Form: 10-Q · Filed: Nov 4, 2024 · CIK: 2018145
Sentiment: neutral
Topics: 10-Q, acquisition, blank-check
TL;DR
RDAC filed its 10-Q for Q3 2024. Based in China, operates in blank checks.
AI Summary
Rising Dragon Acquisition Corp. filed its quarterly report for the period ending September 30, 2024. The company, incorporated in the Cayman Islands, is based in Taiyuan City, China, and operates in the blank checks sector. Its principal executive offices are located at No. 604, Yixing Road, Wanbolin District.
Why It Matters
This filing provides investors with an update on Rising Dragon Acquisition Corp.'s financial performance and operational status for the third quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new disclosures.
Key Players & Entities
- Rising Dragon Acquisition Corp. (company) — Registrant
- September 30, 2024 (date) — Quarterly period end date
- Cayman Islands (location) — Jurisdiction of incorporation
- Taiyuan City, China (location) — Location of principal executive offices
- No. 604, Yixing Road, Wanbolin District (location) — Street address of principal executive offices
FAQ
What is the primary business of Rising Dragon Acquisition Corp.?
Rising Dragon Acquisition Corp. is classified under the 'BLANK CHECKS' SIC code [6770].
Where is Rising Dragon Acquisition Corp. incorporated?
The company is incorporated in the Cayman Islands.
What is the filing date of this 10-Q report?
This 10-Q report was filed on November 4, 2024.
What is the fiscal year end for Rising Dragon Acquisition Corp.?
The company's fiscal year ends on December 31.
What is the address of Rising Dragon Acquisition Corp.'s principal executive offices?
The principal executive offices are located at No. 604, Yixing Road, Wanbolin District, Taiyuan City, Shanxi Province, People's Republic of China, 030024.
Filing Stats: 4,674 words · 19 min read · ~16 pages · Grade level 18 · Accepted 2024-11-04 16:05:26
Key Financial Figures
- $0.0001 — isting of one Ordinary Share, par value $0.0001 per share , and one Right entitling the
Filing Documents
- ea0219343-10q_rising.htm (10-Q) — 258KB
- ea021934301ex31-1_rising.htm (EX-31.1) — 10KB
- ea021934301ex31-2_rising.htm (EX-31.2) — 10KB
- ea021934301ex32-1_rising.htm (EX-32.1) — 4KB
- ea021934301ex32-2_rising.htm (EX-32.2) — 4KB
- 0001213900-24-094105.txt ( ) — 2153KB
- rdacu-20240930.xsd (EX-101.SCH) — 23KB
- rdacu-20240930_cal.xml (EX-101.CAL) — 9KB
- rdacu-20240930_def.xml (EX-101.DEF) — 118KB
- rdacu-20240930_lab.xml (EX-101.LAB) — 167KB
- rdacu-20240930_pre.xml (EX-101.PRE) — 113KB
- ea0219343-10q_rising_htm.xml (XML) — 152KB
- FINANCIAL INFORMATION
Part I - FINANCIAL INFORMATION 1 Item 1. Unaudited Condensed Financial Statements 1 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 15 Item 4.
Controls and Procedures
Controls and Procedures 15
- OTHER INFORMATION
Part II - OTHER INFORMATION 16 Item 1.
Legal Proceedings
Legal Proceedings 16 Item 1A.
Risk Factors
Risk Factors 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 17
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements RISING DRAGON ACQUISITION CORP. CONDENSED BALANCE SHEET AS OF SEPTEMBER 30, 2024 (Unaudited) ASSETS Current asset: Cash $ 100 Total current asset: 100 Deferred offering costs 157,086 TOTAL ASSETS $ 157,186 LIABILITIES AND SHAREHOLDER'S DEFICIT Current liabilities: Accrued liabilities $ 20,112 Promissory note – related party 162,324 TOTAL LIABILITIES 182,436 Commitments and contingencies (Note 7) Shareholder's 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; 1,437,500 shares issued and outstanding 144 Additional paid-in capital 24,856 Accumulated deficit ( 50,250 ) Total Shareholder's Deficit ( 25,250 ) TOTAL LIABILITIES AND SHAREHOLDER'S DEFICIT $ 157,186 See accompanying notes to unaudited condensed financial 1 RISING DRAGON ACQUISITION CORP. CONDENSED STATEMENT OF OPERATIONS FOR THE PERIOD FROM MARCH 8, 2024 (INCEPTION) TO SEPTEMBER 30, 2024 (Unaudited) Three months ended September 30, 2024 Period from March 8, 2024 (inception) through September 30, 2024 Formation and operating costs $ ( 11,390 ) $ ( 50,250 ) NET LOSS $ ( 11,390 ) $ ( 50,250 ) Basic and diluted weighted average shares outstanding 1,250,000 1,019,737 Basic and diluted net loss per share $ ( 0.01 ) $ ( 0.05 ) See accompanying notes to unaudited condensed financial 2 RISING DRAGON ACQUISITION CORP. CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S DEFICIT FOR THE PERIOD FROM MARCH 8, 2024 (INCEPTION) TO SEPTEMBER 30, 2024 (Unaudited) Ordinary shares Additional Total No. of shares Amount paid-in capital Accumulated deficit Shareholder's deficit Issuance of ordinary shares at inception March 8, 2024 1 $ - $ - $ - $ - Ordinary share surrendered ( 1 ) - - - - Issuance of ordinary shares to founder 1