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[8-K] Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

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.

Rigel Resource Acquisition Corp ha comunicato che il 4 agosto 2025 ha sottoscritto una cambiale (il 'Prestito per capitale circolante di agosto 2025') con il suo sponsor, Rigel Resource Acquisition Holding LLC. Ai termini dell'accordo, lo sponsor si è impegnato a prestare alla società fino a $1,000,000 da utilizzare per finalità di capitale circolante.

Il prestito non maturerà interessi e dovrà essere rimborsato dalla società al verificarsi della prima tra la data entro la quale la società deve completare una combinazione aziendale iniziale ai sensi del suo memorandum e statuto modificati e riformulati, e la consumazione della combinazione aziendale iniziale della società. La cambiale è depositata come Exhibit 10.1 nel rapporto.

Rigel Resource Acquisition Corp informó que el 4 de agosto de 2025 suscribió un pagaré (el 'Préstamo para capital de trabajo de agosto de 2025') con su patrocinador, Rigel Resource Acquisition Holding LLC. Según el acuerdo, el patrocinador accedió a prestar a la compañía hasta $1,000,000 para ser utilizado con fines de capital de trabajo.

El préstamo no devengará intereses y será reembolsable por la compañía en la primera de las siguientes situaciones que ocurra: la fecha límite en la que la compañía debe completar una combinación de negocios inicial conforme a sus estatutos modificados y reformulados, o la consumación de la combinación de negocios inicial de la compañía. El pagaré se presenta como Exhibit 10.1 en el informe.

Rigel Resource Acquisition Corp2025년 8월 4일 스폰서인 Rigel Resource Acquisition Holding LLC와 약속어음('2025년 8월 운전자금 대출')을 체결했다고 보고했습니다. 계약에 따라 스폰서는 운전자금 용도로 회사에 최대 $1,000,000를 대여하기로 합의했습니다.

이 대출은 이자를 부과하지 않으며, 회사가 수정·재정리한 정관에 따라 최초 사업 결합을 완료해야 하는 시한에 도달하는 경우와 회사의 최초 사업 결합이 성사되는 경우 중 먼저 발생하는 때에 회사가 상환해야 합니다. 약속어음은 보고서의 Exhibit 10.1로 제출되어 있습니다.

Rigel Resource Acquisition Corp a indiqué que le 4 août 2025 elle a conclu un billet à ordre (le 'Prêt de fonds de roulement d'août 2025') avec son sponsor, Rigel Resource Acquisition Holding LLC. En vertu de l'accord, le sponsor a accepté de prêter à la société jusqu'à $1,000,000 pour être utilisé à des fins de fonds de roulement.

Le prêt ne portera pas d'intérêts et sera remboursable par la société au premier des deux événements suivants : la date à laquelle la société doit réaliser une combinaison d'entreprises initiale conformément à ses statuts modifiés et reformulés, et la réalisation de la combinaison d'entreprises initiale de la société. Le billet à ordre est déposé en tant que Exhibit 10.1 dans le rapport.

Rigel Resource Acquisition Corp meldete, dass sie am 4. August 2025 ein Schuldanerkenntnis (das 'Arbeitskapitaldarlehen August 2025') mit ihrem Sponsor, Rigel Resource Acquisition Holding LLC, abgeschlossen hat. Nach der Vereinbarung erklärte sich der Sponsor bereit, dem Unternehmen bis zu $1,000,000 für Zwecke des Betriebskapitals zu leihen.

Das Darlehen ist zinsfrei und vom Unternehmen fällig zu begleichen bei dem früheren der beiden folgenden Zeitpunkte: dem Datum, bis zu dem das Unternehmen eine anfängliche Unternehmenszusammenschluss gemäß seiner geänderten und neu gefassten Satzung abschließen muss, sowie dem Vollzug der anfänglichen Unternehmenszusammenschluss der Gesellschaft. Das Schuldanerkenntnis ist als Exhibit 10.1 dem Bericht beigefügt.

Positive
  • Sponsor committed up to $1,000,000 to the company expressly for working capital purposes
  • Loan carries no interest, reducing financing cost while funds are outstanding
  • Agreement is filed as Exhibit 10.1, providing access to the full contractual terms
Negative
  • The loan is repayable upon the earlier of the company’s deadline to complete an initial business combination and the consummation of that combination
  • Amount limited to $1,000,000, which is a finite, temporary source of funding

Insights

TL;DR: RRAC secured an interest-free sponsor loan of up to $1,000,000 to cover working capital through its SPAC combination timeline.

The filing discloses a promissory note dated August 4, 2025 under which the sponsor will provide up to $1,000,000 for working capital. The loan is explicitly interest-free and is repayable upon the earlier of the company’s contractual deadline to complete an initial business combination and the consummation of that combination. For investors, this is a clear, documented source of near-term working capital support from the sponsor; the detailed contractual terms are in Exhibit 10.1.

TL;DR: Sponsor support is formalized via an interest-free promissory note; repayment is tied to the SPAC combination timeline.

The 8-K formally records a material definitive agreement between the registrant and its sponsor: a working capital loan up to $1,000,000, interest-free, with repayment linked to the timing of the initial business combination as defined in the company’s amended and restated organizational documents. The agreement is presented as Exhibit 10.1, enabling stakeholders to review the precise covenants and repayment mechanics.

Rigel Resource Acquisition Corp ha comunicato che il 4 agosto 2025 ha sottoscritto una cambiale (il 'Prestito per capitale circolante di agosto 2025') con il suo sponsor, Rigel Resource Acquisition Holding LLC. Ai termini dell'accordo, lo sponsor si è impegnato a prestare alla società fino a $1,000,000 da utilizzare per finalità di capitale circolante.

Il prestito non maturerà interessi e dovrà essere rimborsato dalla società al verificarsi della prima tra la data entro la quale la società deve completare una combinazione aziendale iniziale ai sensi del suo memorandum e statuto modificati e riformulati, e la consumazione della combinazione aziendale iniziale della società. La cambiale è depositata come Exhibit 10.1 nel rapporto.

Rigel Resource Acquisition Corp informó que el 4 de agosto de 2025 suscribió un pagaré (el 'Préstamo para capital de trabajo de agosto de 2025') con su patrocinador, Rigel Resource Acquisition Holding LLC. Según el acuerdo, el patrocinador accedió a prestar a la compañía hasta $1,000,000 para ser utilizado con fines de capital de trabajo.

El préstamo no devengará intereses y será reembolsable por la compañía en la primera de las siguientes situaciones que ocurra: la fecha límite en la que la compañía debe completar una combinación de negocios inicial conforme a sus estatutos modificados y reformulados, o la consumación de la combinación de negocios inicial de la compañía. El pagaré se presenta como Exhibit 10.1 en el informe.

Rigel Resource Acquisition Corp2025년 8월 4일 스폰서인 Rigel Resource Acquisition Holding LLC와 약속어음('2025년 8월 운전자금 대출')을 체결했다고 보고했습니다. 계약에 따라 스폰서는 운전자금 용도로 회사에 최대 $1,000,000를 대여하기로 합의했습니다.

이 대출은 이자를 부과하지 않으며, 회사가 수정·재정리한 정관에 따라 최초 사업 결합을 완료해야 하는 시한에 도달하는 경우와 회사의 최초 사업 결합이 성사되는 경우 중 먼저 발생하는 때에 회사가 상환해야 합니다. 약속어음은 보고서의 Exhibit 10.1로 제출되어 있습니다.

Rigel Resource Acquisition Corp a indiqué que le 4 août 2025 elle a conclu un billet à ordre (le 'Prêt de fonds de roulement d'août 2025') avec son sponsor, Rigel Resource Acquisition Holding LLC. En vertu de l'accord, le sponsor a accepté de prêter à la société jusqu'à $1,000,000 pour être utilisé à des fins de fonds de roulement.

Le prêt ne portera pas d'intérêts et sera remboursable par la société au premier des deux événements suivants : la date à laquelle la société doit réaliser une combinaison d'entreprises initiale conformément à ses statuts modifiés et reformulés, et la réalisation de la combinaison d'entreprises initiale de la société. Le billet à ordre est déposé en tant que Exhibit 10.1 dans le rapport.

Rigel Resource Acquisition Corp meldete, dass sie am 4. August 2025 ein Schuldanerkenntnis (das 'Arbeitskapitaldarlehen August 2025') mit ihrem Sponsor, Rigel Resource Acquisition Holding LLC, abgeschlossen hat. Nach der Vereinbarung erklärte sich der Sponsor bereit, dem Unternehmen bis zu $1,000,000 für Zwecke des Betriebskapitals zu leihen.

Das Darlehen ist zinsfrei und vom Unternehmen fällig zu begleichen bei dem früheren der beiden folgenden Zeitpunkte: dem Datum, bis zu dem das Unternehmen eine anfängliche Unternehmenszusammenschluss gemäß seiner geänderten und neu gefassten Satzung abschließen muss, sowie dem Vollzug der anfänglichen Unternehmenszusammenschluss der Gesellschaft. Das Schuldanerkenntnis ist als Exhibit 10.1 dem Bericht beigefügt.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 4, 2025

 

Rigel Resource Acquisition Corp

(Exact Name of Registrant as Specified in Charter)

 

Cayman Islands   001-41022   98-1594226
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

7 Bryant Park
1045 Avenue of the Americas, Floor 25
New York, NY
  10018
(Address of Principal Executive Offices)   (Zip Code)

 

(646) 453-2672

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class:   Trading Symbol(s)   Name of Each Exchange on Which Registered:
None   None   None

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Promissory Note

 

On August 4, 2025, Rigel Resource Acquisition Corp, a Cayman Islands exempted company (the “Company”), entered into a Promissory Note (the “August 2025 Working Capital Loan”) with Rigel Resource Acquisition Holding LLC, a Cayman Islands limited liability company (the “Sponsor”). Pursuant to the August 2025 Working Capital Loan, the Sponsor has agreed to loan to the Company up to $1,000,000 to be used for working capital purposes. The loan will not bear any interest, and will be repayable by the Company to the Sponsor 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 (as amended from time to time) and the consummation of the Company’s initial business combination.

 

The foregoing description of the August 2025 Working Capital Loan does not purport to be complete and is qualified in its entirety by the terms and conditions of the August 2025 Working Capital Loan, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

 

 

*******

 

1

 

 

Item 9.01. Financial Statement and Exhibits.

 

(d) Exhibits.

 

EXHIBIT INDEX

 

Exhibit No.   Description of Exhibits
10.1   Promissory Note, dated as of August 4, 2025, by and between Rigel Resource Acquisition Corp and Rigel Resource Acquisition Holding LLC.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  RIGEL RESOURCE ACQUISITION CORP
     
Date: August 8, 2025 By: /s/ Jonathan Lamb
  Name: Jonathan Lamb
  Title: Chief Executive Officer

 

3

FAQ

What did RRAC report in the August 4, 2025 8-K?

The company entered into a promissory note with its sponsor on August 4, 2025 for up to $1,000,000 to be used for working capital.

Who is lending the funds to RRAC under the promissory note?

The lender is Rigel Resource Acquisition Holding LLC, identified as the company’s sponsor.

Does the loan accrue interest?

No. The filing states the loan "will not bear any interest."

When must RRAC repay the sponsor loan?

Repayment is due upon the earlier of the date by which the company must complete an initial business combination under its amended and restated memorandum and articles of association and the consummation of the company’s initial business combination.

Where can I find the full terms of the promissory note?

The promissory note is filed as Exhibit 10.1 to the 8-K and is incorporated by reference in the report.
Rigel Resource

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