RDACRHIGH SIGNALMANAGEMENT10-K

RDACR completed a business combination transaction following shareholder approval at an extraordinary general meeting, with significant share redemptions substantially reducing the company's outstanding shares and available capital.

The completion of this SPAC transaction represents a fundamental transformation of the company, with shareholders redeeming over 5.7 million shares and reducing outstanding shares from 7.5 million to approximately 6 million. The dramatic reduction in current assets and increased negative stockholders' equity suggests the combined entity faces immediate capital constraints that may require additional financing to execute its business plan.

Comparing 2026-03-30 vs 2025-03-26View on EDGAR →
FINANCIAL ANALYSIS

The company's financial position deteriorated markedly, with current assets collapsing from $456K to just $37K and stockholders' equity becoming more deeply negative. Total assets declined substantially from $58.8M to $44.4M, while total liabilities increased modestly to $2.3M. This financial profile reflects the typical post-SPAC combination scenario where high redemption rates leave the newly public company with limited working capital to fund operations and growth initiatives.

FINANCIAL STATEMENT CHANGES
Current Assets
Balance Sheet
-91.8%
$456K→$37K

Current assets declined 91.8% — monitor working capital adequacy and short-term liquidity.

Stockholders Equity
Balance Sheet
-56.8%
-$1.4M→-$2.3M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Total Assets
Balance Sheet
-24.4%
$58.8M→$44.4M

Total assets contracted 24.4% — asset sales, write-downs, or balance sheet optimization underway.

Total Liabilities
Balance Sheet
+21%
$1.9M→$2.3M

Liabilities increased 21% — monitor debt-to-equity ratio and interest coverage.

LANGUAGE CHANGES
NEW — 2026-03-30
PRIOR — 2025-03-26
ADDED
As of March 30, 2026, the Registrant had 5,951,030 ordinary shares outstanding (inclusive of shares included in our units).
Recent Developments RDAC held its Extraordinary General Meeting of shareholders (the EGM ) on November 20, 2025.
As of September 11, 2025, the record date for the EGM, there were 7,499,375 ordinary shares entitled to vote at the EGM.
At the EGM, there were 5,049,309 ordinary shares voted by proxy or in person, representing 67.33% of the ordinary shares issued and outstanding and entitled to vote at the EGM as of the record date and constituting a quorum for the transaction of business.
the Reincorporation Merger Proposal, the Acquisition Merger Proposal, the Nasdaq Proposal, the PubCo Charter Proposal, the Director Approval Proposal, and the Adjournment Proposal, were approved by the shareholders.
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REMOVED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
Therefore, the aggregate market value of the Registrant s ordinary shares held by non-affiliates of the Registrant was $ 0 .
As of March 26, 2025, the Registrant had 7,499,375 ordinary shares outstanding (inclusive of shares included in our units).
Financial Position With a trust account initially in the amount of $50,750,000 (or $58,287,500 if the over-allotment option is exercised in full) (which includes up to approximately $1,625,000 (or up to $1,868,750 if the over-allotment option is exercised in full), for the payment of deferred underwriting discounts), we can offer a target business a variety of options to facilitate a business combination and fund future expansion and growth of its business.
As of December 31, 2024, the Company had cash of $392,679 and a working capital equity of $433,179.
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