Welcome to our dedicated page for Rigel Resource SEC filings (Ticker: RRAC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Rigel Resource Acquisition Corp. filings document the regulatory record of a Cayman Islands SPAC, including its unit structure, Class A ordinary shares, redeemable warrants, trust-account mechanics and redemption framework. The company’s 8-K reports disclose material agreements such as sponsor-related promissory notes and working-capital financing, while proxy materials cover shareholder voting matters, governance provisions and capital-structure disclosures.
Additional filings include delayed-report notifications and periodic-report references that relate to the company’s reporting status as an emerging growth company. Together, the filings describe the SPAC’s financing arrangements, sponsor economics, governance approvals and securities framework while it remains organized to pursue an initial business combination.
Rigel Resource Acquisition Corp. (RRAC) is a blank-check company that completed an IPO raising gross proceeds of $275,000,000 from 27,500,000 Units and $14,000,000 from 14,000,000 Private Placement Warrants. The company held funds in a Trust Account (approximately $31.7 million noted and $83.3 million in treasury securities at Dec 31, 2024) to be used if a Business Combination is completed or for liquidation. RRAC entered into a Business Combination Agreement to acquire Blyvoor-related target companies and expects the combined company to be listed as Aurous Resources. Several sponsor extension loans and working capital loans totaling multiple millions were advanced to fund operations and to extend the combination deadline. During the period, holders redeemed Class A shares reducing trust balances and the company recorded significant changes in the fair value of derivative liabilities (including a $7.9 million loss during the three months ended June 30, 2025). The company also maintains Founder Shares, warrants and a Forward Purchase Agreement reported as derivative liabilities.
Rigel Resource Acquisition Corp. Schedule 13G/A is filed jointly by Westchester Capital Management, Westchester Capital Partners, Virtus Investment Advisers and The Merger Fund regarding the issuer's Class A ordinary shares. Each reporting person discloses zero shares beneficially owned and 0% of the class, based on 2,640,370 shares outstanding as reported in the issuer's quarterly report.
The filing describes advisory and sub-advisory relationships among the parties and notes the Funds directly hold ordinary shares for investors’ benefit. The reporting persons state they may be considered a group but do not admit to group status and certify holdings were acquired in the ordinary course and not to influence control.
Rigel Resource Acquisition Corp. held a special meeting on August 8, 2025 and approved an amendment to extend the deadline to complete an initial business combination from August 9, 2025 to November 9, 2025 (or earlier as determined by the board). At the meeting, holders of 1,114,441 Class A ordinary shares elected to redeem their shares for approximately $12.07 per share, totaling about $13,449,620, leaving approximately $18,415,659 in the company’s trust account.
On August 13, 2025 the company entered into a Promissory Note (the Extension Loan) with its sponsor, Rigel Resource Acquisition Holding LLC, and Orion Mine Finance GP III LP. The Sponsor and Orion agreed to contribute monthly loans equal to the lesser of $55,000 or $0.02 per Public Share not redeemed, deposited into the trust, through the earlier of closing of a Business Combination and November 9, 2025. The loan is interest‑free, repayable upon the earlier of the external deadline and consummation of the Business Combination, may be accelerated on an Event of Default, and may be prepaid without penalty.
Rigel Resource Acquisition Corp reported that on August 4, 2025 it entered into a promissory note (the "August 2025 Working Capital Loan") with its sponsor, Rigel Resource Acquisition Holding LLC. Under the agreement the sponsor agreed to loan the company up to $1,000,000 to be used for working capital purposes.
The loan will not bear interest and is repayable by the company 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 company’s initial business combination. The promissory note is filed as Exhibit 10.1 to the report.