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Rigel Resource Acquisition Corp. (RRAC) announced the pricing of its IPO, offering 27,500,000 units at $10.00 each. This IPO is set to list on the NYSE under the ticker symbol 'RRAC.U' starting November 5, 2021. Each unit includes one Class A ordinary share and half a warrant (exercisable at $11.50). The offering is expected to close on November 9, 2021, pending the usual conditions. RRAC aims to target acquisitions in the global mining industry, focusing on 'green' and battery metals. The offering is managed by Goldman Sachs, which also has an option for additional units.
