공시 • Nov 14
Rigel Resource Acquisition Corp. Files Form 15 Rigel Resource Acquisition Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Units, each consisting of one Class A ordinary share, $0.0001 par value per share, and one-half of one redeemable warrant; Class A ordinary shares included as part of the units; Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share under the Securities Exchange Act of 1934, as amended. 공시 • Aug 15
Rigel Resource Acquisition Corp. announced delayed 10-Q filing On 08/14/2025, Rigel Resource Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Aug 14
Rigel Resource Acquisition Corp. announced that it expects to receive $0.09155 million in funding from Rigel Resource Acquisition Holding LLC Rigel Resource Acquisition Corp. entered into a promissory note for the private placement for gross proceeds of up to $91,555.74 on August 13, 2025. The transaction will include participation from returning lender Rigel Resource Acquisition Holding LLC. The note will not bear any interest and will be repayable by the Company upon the earlier of the date by which the Company must complete an initial Business Combination and the consummation of the Company’s initial Business Combination. 공시 • May 15
Rigel Resource Acquisition Corp. announced that it expects to receive $0.18 million in funding from Rigel Resource Acquisition Holding LLC Rigel Resource Acquisition Corp. entered into a promissory note for the private placement for gross proceeds of up to $180,000 on May 13, 2025. The transaction will include participation from returning lender, Rigel Resource Acquisition Holding LLC. The notes will not bear any interest, and will be repayable upon the earlier of the date by which the company must complete an initial business combination pursuant to its amended and restated memorandum and articles of association and the consummation of the its initial business combination. 공시 • Mar 26
Rigel Resource Acquisition Corp. Auditor Raises 'Going Concern' Doubt Rigel Resource Acquisition Corp. filed its 10-K on Mar 24, 2025 for the period ending Dec 31, 2024. In this report its auditor, Marcum LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 공시 • Nov 05
NYSE to Commence Delisting Proceeding against Rigel Resource Acquisition Due to Failure to Complete Business Combination The New York Stock Exchange (‘NYSE,’ the ‘Exchange’) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the three securities, i.e. Class A ordinary shares, par value $0.0001 per share; Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant; Redeemable warrants, each whole warrant exercisable for Class A ordinary share at an exercise price of $11.50 per share (‘Securities’) of Rigel Resource Acquisition Corp. (the ‘Company’) from the Exchange. Trading in the Company’s Securities will be suspended immediately. NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Sections 802.01B and 102.06e. of the NYSE’s Listed Company Manual because the Company failed to consummate a business combination within the shorter of (i) the time period specified by its constitutive documents or by contract or (ii) three years. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. 공시 • Aug 13
Rigel Resource Acquisition Corp. announced that it expects to receive funding from Rigel Resource Acquisition Holding LLC Rigel Resource Acquisition Corp. announced that it has entered into a Convertible Promissory Notes Agreement with Rigel Resource Acquisition Holding LLC and Orion Mine Finance GP III LP to issue convertible promissory note on August 12, 2024. Pursuant to the Extension Loan, the Sponsor and Orion have agreed that they will contribute to the Company as a loan, $0.02 for each Public Share that was not redeemed in connection with the Special Meeting for each month until the earlier of the date of the extraordinary general meeting held in connection with the shareholder vote to approve an initial Business Combination and May 9, 2025. The Contributions will be deposited into the Company’s Trust Account. Loans under the Extension Loan can be settled in whole warrants to purchase Class A ordinary shares, par value $0.0001 per share at a conversion price equal to $1 per warrant upon maturity or prepayment of the Extension Loan. The Extension Loan will not bear any interest and will be repayable by the Company upon the earlier of the date by which the Company must complete an initial Business Combination and the consummation of the Company’s initial Business Combination. New Risk • Jul 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$21m). Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공시 • Aug 03
Rigel Resource in Talks with Target Company Rigel Resource AcquisitionCorp (NYSE:RRAC) said it has inked a non-binding letter of intent (LoI) for a potential combination with an unnamed target entity active in the global metals sector. Negotiations are underway and it could not be certain whether a transaction will eventually materialise, Rigel Resource noted in a press release published last week. Further details about the deal and the target company were not provided. 공시 • Aug 17
Rigel Resource Acquisition Corp. announced delayed 10-Q filing On 08/16/2022, Rigel Resource Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.