SCHEDULE: Bank of Montreal Boosts Stake in Rising Dragon Acquisition Corp.

Bank of Montreal and its affiliates reported an aggregate beneficial ownership of 6.76% in Rising Dragon Acquisition Corp.'s common stock as of September 30, 2025.

Summary

• Bank of Montreal and its affiliates collectively beneficially own 507,656 shares of Rising Dragon Acquisition Corp. common stock.
• This represents 6.76% of the class of securities.
• The beneficial ownership is primarily held by Bank of Montreal (507,656 shares, 6.76%), Bank of Montreal Holding Inc. (500,000 shares, 6.66%), and BMO Nesbitt Burns Inc. (500,000 shares, 6.66%), with Bank of Montreal Europe Plc holding a smaller stake (3,828 shares, 0.05%).
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• This filing is an Amendment No. 2 to a Schedule 13G, indicating previous ownership disclosures.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. Maintaining a significant institutional ownership stake is generally viewed favorably, but this is an amendment and a passive stake, so it is not highly impactful on its own.

Positives

• Increased institutional ownership by a major financial institution like Bank of Montreal can signal confidence in the issuer's long-term prospects.
• The holding is for investment purposes in the ordinary course of business, not for control, suggesting a passive, potentially stable, long-term interest.

Future Outlook

NA

Industry Context

Rising Dragon Acquisition Corp. is likely a Special Purpose Acquisition Company (SPAC), which raises capital to acquire a private company. Institutional ownership in SPACs is common as they seek potential merger targets, and such disclosures provide transparency on significant shareholder positions.

Related Party Transactions

• Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc. are related entities, all reporting shared voting and dispositive power over 500,000 shares.
• Certain securities are held by the Reporting Person acting as a prime broker on behalf of clients, who retain the right to direct dividends and sale proceeds.

Stakeholder Impact

• Shareholders may view the significant institutional ownership by Bank of Montreal and its affiliates as a positive indicator of stability and confidence in Rising Dragon Acquisition Corp.

Key Dates

Recommendation

The filing is a routine disclosure of institutional ownership by Bank of Montreal and its affiliates, indicating a passive investment stake. It does not contain new information regarding the issuer's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. The stake is held in the ordinary course of business, suggesting a long-term, non-activist position. Therefore, a 'hold' recommendation is appropriate as there are no new catalysts for 'buy' or 'sell' based solely on this filing.

Keywords

Rising Dragon Acquisition Corp, Bank of Montreal, BMO, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SPAC, Acquisition Corp