RDAC · Rising Dragon Acquisition Corp. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“management has determined that if the Company is unsuccessful in consummating an initial business combination within the prescribed period of time from the closing of the IPO, the requirement that the Company cease all operations, redeem the public shares and thereafter liquidate and dissolve raises substantial doubt about the ability to continue as a going concern.”View the 10-Q filed Aug 7, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2024-10-15 | Aurora Beacon LLC |
10% Owner |
Buy↑
Filing footnotes — Rights to receive Ordinary Shares (Direct)
The rights convert automatically into ordinary shares at the completion of the Issuer's initial business combination. |
Rights to receive Ordinary Shares
|
254,375 |
| 2024-10-15 | Xing Lulu |
Director, CEO and Chairman of the Board, 10% Owner |
Buy↑
Filing footnotes — Rights to receive Ordinary Shares (Indirect)
The rights convert automatically into ordinary shares at the completion of the Issuer's initial business combination. Reflects the 254,375 private units owned by Aurora Beacon LLC, the Issuer's sponsor. The private units consist of ordinary shares and rights. The private units were purchased at $10 per unit for an aggregate purchase price of $2,543,750. Mr. Lulu Xing is the director of Aurora Beacon LLC. Mr. Xing has voting and dispositive power over the shares held of record by Aurora Beacon LLC. Mr. Xing disclaims any beneficial ownership of the shares held by Aurora Beacon LLC, except to the extent of his pecuniary interest therein. |
Rights to receive Ordinary Shares
(I)
|
254,375 |
| 2024-10-15 | Aurora Beacon LLC |
10% Owner |
Buy↑
Filing footnotes — Ordinary Share, par value $0.0001 per share (Direct)
Reflects the 254,375 private units owned by Aurora Beacon LLC, the Issuer's sponsor. The private units consist of ordinary shares and rights. The private units were purchased at $10 per unit for an aggregate purchase price of $2,543,750. Mr. Lulu Xing is the director of Aurora Beacon LLC. Mr. Xing has voting and dispositive power over the shares held of record by Aurora Beacon LLC. Mr. Xing disclaims any beneficial ownership of the shares held by Aurora Beacon LLC, except to the extent of his pecuniary interest therein. |
Ordinary Share, par value $0.0001 per share
|
254,375 |
| 2024-10-15 | Xing Lulu |
Director, CEO and Chairman of the Board, 10% Owner |
Buy↑
Filing footnotes — Ordinary Share, par value $0.0001 per share (Indirect)
Reflects the 254,375 private units owned by Aurora Beacon LLC, the Issuer's sponsor. The private units consist of ordinary shares and rights. The private units were purchased at $10 per unit for an aggregate purchase price of $2,543,750. Mr. Lulu Xing is the director of Aurora Beacon LLC. Mr. Xing has voting and dispositive power over the shares held of record by Aurora Beacon LLC. Mr. Xing disclaims any beneficial ownership of the shares held by Aurora Beacon LLC, except to the extent of his pecuniary interest therein. |
Ordinary Share, par value $0.0001 per share
(I)
|
254,375 |