SCHEDULE: RiverNorth Capital Management Discloses Stake in Rising Dragon

RiverNorth Capital Management, LLC has reported beneficial ownership of 8.31% of Rising Dragon Acquisition Corp.'s ordinary shares as of March 31, 2026.

Summary

• RiverNorth Capital Management, LLC has filed a Schedule 13G, indicating an amendment to a previous filing.
• The filing reports beneficial ownership of 494,487 ordinary shares of Rising Dragon Acquisition Corp.
• This represents 8.31% of the class of securities.
• The date of the event requiring this filing is March 31, 2026.
• RiverNorth Capital Management, LLC has sole voting power and sole dispositive power over these shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms a significant passive investment by a specialized fund, but provides no operational or financial performance data for the SPAC itself.

Positives

• RiverNorth Capital Management, LLC's significant stake (8.31%) suggests confidence in Rising Dragon Acquisition Corp.'s potential.
• The clear reporting of sole voting and dispositive power indicates straightforward control over the investment.

Negatives

• The filing does not provide specific details on the acquisition cost or strategy behind the investment.
• The nature of Rising Dragon Acquisition Corp. as an acquisition corp. implies inherent risks associated with identifying and completing a business combination.

Risks

• As an acquisition corp., Rising Dragon Acquisition Corp. faces the risk of failing to identify and complete a suitable business combination within its operational timeframe.
• The investment by RiverNorth Capital Management, LLC could be subject to market volatility and the general risks associated with special purpose acquisition companies (SPACs).

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a disclosure of beneficial ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by RiverNorth Capital Management, LLC, a known investor in SPACs and special situations, indicates a significant passive stake in Rising Dragon Acquisition Corp. This aligns with RiverNorth's strategy of identifying undervalued or overlooked opportunities within the SPAC market.

Stakeholder Impact

• Shareholders of Rising Dragon Acquisition Corp. may view the increased stake by RiverNorth Capital Management, LLC as a positive signal of institutional interest.
• Potential target companies for Rising Dragon Acquisition Corp. may see the involvement of RiverNorth as an indicator of the SPAC's financial backing and strategic intent.

Next Steps

• Rising Dragon Acquisition Corp. is expected to continue its search for a business combination target.
• RiverNorth Capital Management, LLC will continue to monitor its investment and may adjust its holdings based on market conditions and the SPAC's progress.

Key Dates

Keywords

Schedule 13G, RiverNorth Capital Management, Rising Dragon Acquisition Corp., Beneficial Ownership, Ordinary Shares, SPAC, Acquisition Corp., SEC Filing