RISING DRAGON ACQUISITION CORP COM USD0.0001 15/11/2028 (SUBS/RT) | 10-Q: FY2025 Q1 EPS: USD 0.08

EPS: As of FY2025 Q1, the actual value is USD 0.08.

Segment Revenue

• The company has not generated any operating revenue as of March 31, 2025, as it is a blank check company focused on identifying a business combination target.

Operational Metrics

• Net income for the three months ended March 31, 2025, was $453,867, primarily due to interest income of $597,157 earned on investments held in the Trust Account, offset by formation and operational costs of $143,290.
• For the same period in 2024, the company reported a net loss of $28,860, which was entirely due to formation and operational costs.

Cash Flow

• Net cash used in operating activities for the three months ended March 31, 2025, was - $125,290.
• The company had cash of $270,259 as of March 31, 2025, and marketable securities in the Trust Account of $58,927,703.

Unique Metrics

• The company has placed $57,787,500 of the net proceeds from its IPO and Private Placement into a Trust Account, which will be used to complete its initial business combination.

Future Outlook and Strategy

• Core Business Focus: The company is focused on completing a business combination by January 14, 2026, and has entered into a merger agreement with HZJL Cayman Limited, which is subject to regulatory and shareholder approvals.
• Non-Core Business: There are no specific plans related to non-core business activities as the company is a blank check company with the primary objective of completing a business combination.