Major holders exit Rigel Resource (RRAUF) stake in amended 13G
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Rigel Resource Acquisition Corp’s large shareholders report that they no longer own any Class A ordinary shares. An amended Schedule 13G (Amendment No. 3) filed for ICS Opportunities, Ltd., Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander shows aggregate beneficial ownership of 0 shares, or 0.0% of the class, as of December 31, 2025.
Each reporting person reports no sole or shared voting or dispositive power over the stock and certifies the securities were not acquired to change or influence control of Rigel Resource Acquisition Corp. The parties also entered into a joint filing agreement dated February 12, 2026.
Positive
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FAQ
What does the latest Schedule 13G/A filing reveal about Rigel Resource (RRAUF) ownership?
The filing shows certain former large shareholders now report 0% ownership. ICS Opportunities, Millennium Management entities, and Israel A. Englander disclose they beneficially own 0 Class A shares, representing 0.0% of Rigel Resource Acquisition Corp as of December 31, 2025.
Who are the reporting persons in the Rigel Resource (RRAUF) Schedule 13G/A Amendment No. 3?
The reporting persons are ICS Opportunities, Ltd., Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander. They file jointly under a February 12, 2026 joint filing agreement and report their collective beneficial ownership in Rigel Resource Acquisition Corp.
What does “ownership of 5 percent or less of a class” mean for Rigel Resource (RRAUF)?
It indicates the group’s holdings have fallen to 5% or less of outstanding shares. Item 5 confirms ownership of 5 percent or less of the Class A ordinary shares, so these investors are no longer significant beneficial owners by Schedule 13D/G standards.
What certification do the reporting persons make regarding control of Rigel Resource (RRAUF)?
They certify the securities were not acquired to change or influence control. The signatories state the shares were not acquired and are not held for the purpose or effect of influencing control of Rigel Resource Acquisition Corp, consistent with a passive Schedule 13G filing.
Who signed the Rigel Resource (RRAUF) Schedule 13G/A on behalf of the reporting entities?
Gil Raviv and Israel A. Englander signed the amended statement. Gil Raviv, Global General Counsel, signed for ICS Opportunities, Millennium Management and Millennium Group Management, while Israel A. Englander signed in his own capacity on February 12, 2026.