RDAC: net income $211,963. RDAC extends merger deadline to May 15 via in notes; trust falls 24%

Filed May 13, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 14, 2025 · ~1 min read

Key Changes

• high

  Trust account declined 24% from $58.9M to $45.1M after 1.5M shares redeemed in Dec 2025 at $10.55/share for $16.3M total; working capital swung from $290K surplus to $851K deficit as operating cash fell to $9.5K.

  Notes: Trust Account & Working Capital view on EDGAR →
• high

  Business combination deadline extended from Jan 14 to May 15, 2026 via four monthly $100K deposits funded by promissory notes split between sponsor Aurora Beacon and HZJL designee SZG Limited; notes convertible to units at $10.00.

  Notes: Deadline Extension view on EDGAR →
• medium

  Net income fell 53% from $454K to $212K as trust interest income dropped 36% to $381K (reflecting smaller trust balance) while operating costs rose 18% to $169K.

  MD&A: Quarterly Results verify on EDGAR →