Here are the 10-Q quarterly reports from Rigel Resource Acquisition Corp. (RRAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RRAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RRAC filings page.
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.