{"url_path":"/sec/rdacu/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/2018145/0001213900-26-055813-index.html","accession_number":"0001213900-26-055813","cik":"0002018145","ticker":"RDAC","issuer_name":"Rising Dragon Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2018145/0001213900-26-055813-index.html","primary_entity_key":"0002018145","primary_entity_name":"Rising Dragon Acquisition Corp."},"word_count":412,"has_tables":true,"body_markdown":"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\n \n\nThe following information relates to the registration\nstatement on Form S-1 (File Number 333-280026), as amended (the “Registration Statement”) for our initial public offering\n(the “IPO”), which was declared effective by the SEC on October 10, 2024. On October 15, 2024, we consummated our IPO of 5,000,000\nUnits. Each Unit consists of one Ordinary Share, and one Right to receive one-tenth (1/10) of one Ordinary Share upon the consummation\nof an initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $50,000,000.\nPursuant to that certain underwriting agreement, dated October 10, 2024, we granted Lucid Capital Markets, LLC, the representative of\nthe underwriters, a 45-day option to purchase up to an additional 750,000 Units solely to cover over-allotments, if any, or the Over-Allotment\nOption. Simultaneously with the consummation of the IPO, the underwriters exercised the Over-Allotment Option in full, generating total\nproceeds of $7,500,000.\n\n \n\nSimultaneously with the closing of the IPO on\nOctober 15, 2024, we consummated the Private Placement with Aurora Beacon LLC, or the Sponsor, of 254,375 Private Units, generating total\nproceeds of $2,543,750. The Private Units are identical to the Units sold in the IPO. Additionally, the Sponsor agreed not to transfer,\nassign, or sell any of the Private Units or underlying securities (except in limited circumstances, as described in the Registration Statement)\nuntil 30 days after the completion of our initial business combination or earlier if, subsequent to our initial business combination,\nwe consummate a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of our shareholders having\nthe right to exchange their ordinary shares for cash, securities or other property. The Sponsor was granted certain demand and piggyback\nregistration rights in connection with the purchase of the Private Units.\n\n \n\nOn October 15, 2024, a total of $57,787,500 of\nthe net proceeds from the sale of the Units in the IPO and the Private Placement were deposited in a trust account established for the\nbenefit of the Company’s public shareholders at JPMorgan Chase Bank, N.A. maintained by Continental Stock Transfer & Trust Company,\nacting as trustee.\n\n \n\nWe paid a total of $1,006,250 in underwriting\ndiscounts (excluding deferred underwriting discount of $1,868,750) and $556,288 for other costs and expenses related to the IPO.\n\n \n\nFor a description of the use of the proceeds generated\nin our IPO, see Part I, Item 2 of this Quarterly Report."}