Rigel Resource Acquisition CORP
Market Movers (8-K)
Rigel Resource Acquisition Corp announced the mutual termination of its business combination agreement and its intent to dissolve and liquidate as it failed to complete a deal by its deadline.
Delay expected
Worse than expected
Rigel Resource Acquisition Corp secured a non-interest bearing promissory note for up to $5.5 million from its sponsor, Rigel Resource Acquisition Holding LLC, for working capital.
Capital raise
Rigel Resource Acquisition Corp secured a promissory note and extended its business combination deadline to November 9, 2025, following significant share redemptions.
Delay expected
Worse than expected
Capital raise
Rigel Resource Acquisition Corp secured a non-interest bearing promissory note of up to $1 million from its sponsor for working capital purposes.
Capital raise
Rigel Resource Acquisition Corp. obtains a promissory note from its sponsor and Orion Mine Finance to extend the deadline for completing a business combination.
Worse than expected
Capital raise
Delay expected
Rigel Resource Acquisition Corp. replaced Marcum LLP with CBIZ CPAs as its independent registered public accounting firm after CBIZ CPAs acquired Marcum's attestation business.
Quarterly Earnings (10-Q)
Rigel Resource Acquisition Corp. reports significant redemptions and a going concern warning as it struggles to complete its business combination with Aurous by November 2025.
Worse than expected
Capital raise
Delay expected
10-Q: Rigel Resource Acquisition Corp Reports Net Income for Q1 2025 Amid Business Combination Efforts
Rigel Resource Acquisition Corp reports a net income of $8.88 million for the quarter ended March 31, 2025, while continuing efforts to finalize its business combination with Aurous Gold Resources.
Worse than expected
Capital raise
Rigel Resource Acquisition Corp's shares have been suspended from the NYSE after failing to complete a business combination within the required timeframe, leading to a delisting notice.
Worse than expected
Delay expected
Capital raise
Rigel Resource Acquisition Corp. has released its financial results for the second quarter of 2024, alongside an extension of its business combination deadline to May 9, 2025.
Worse than expected
Delay expected
Capital raise
Rigel Resource Acquisition Corp has restated its financial statements for the quarter ended March 31, 2024, due to errors in accruing legal expenses related to a proposed business combination.
Worse than expected
Capital raise
Rigel Resource Acquisition Corp reported a net loss for the first quarter of 2024, while continuing its efforts to finalize a business combination.
Worse than expected
Capital raise
Annual Reports (10-K)
Rigel Resource Acquisition Corp's 10-K filing reveals substantial doubt about its ability to continue as a going concern due to significant costs and a looming deadline for completing a business combination.
Worse than expected
Capital raise
10-K/A: Rigel Resource Acquisition Corp Files Amended 10-K, Citing Material Weakness in Internal Controls
Rigel Resource Acquisition Corp has filed an amendment to its annual report, disclosing a material weakness in its internal controls over financial reporting as of December 31, 2023.
Worse than expected
Rigel Resource Acquisition Corp.'s 10-K filing outlines its financial status, ongoing search for a business combination, and the recently announced proposed merger with Blyvoor Gold Resources.
Worse than expected
Capital raise
Insider Trading (Form 4)
DUMAC, Inc. and Duke University reported the disposition of 1,000,000 Class A Ordinary Shares of Rigel Resource Acquisition Corp. due to the company's liquidation.
Worse than expected
Rigel Resource Acquisition Corp. shareholders voted to approve the business combination with Blyvoor Gold Resources at an extraordinary general meeting held on February 28, 2025.
Rigel Resource Acquisition Corp has entered into non-binding term sheets for a convertible note and a prepaid share forward transaction to support its business combination with Blyvoor Gold Resources.
Capital raise
Rigel Resource Acquisition Corp announces the postponement of its extraordinary general meeting to February 28, 2025, with a corresponding extension of the redemption request deadline.
Delay expected
Rigel Resource Acquisition Corp has postponed its extraordinary general meeting to February 13, 2025, and extended the deadline for redemption requests.
Delay expected
Rigel Resource Acquisition Corp announces the effectiveness of its registration statement and sets a special meeting date of February 4, 2025, for the proposed business combination with Aurous, along with an operational and financial update from Aurous.
Better than expected
Capital raise
Proxy Statements (Def-14A)
DEF: Rigel Resource Acquisition Corp Seeks Extension for Blyvoor Gold Merger Amid Shareholder Redemptions
Rigel Resource Acquisition Corp is seeking shareholder approval to extend its deadline to complete a business combination with Blyvoor Gold Resources from August 9, 2025, to November 9, 2025, following significant prior share redemptions.
Delay expected
Worse than expected
Capital raise
DEF: Rigel Resource Acquisition Corp Seeks Extension to Complete Business Combination with Blyvoor Gold
Rigel Resource Acquisition Corp is seeking shareholder approval to extend the deadline for completing its business combination with Blyvoor Gold from May 9, 2025, to August 9, 2025.
Rigel Resource Acquisition Corp has entered into non-binding term sheets for potential financing arrangements, including a convertible note and a prepaid share forward transaction, to support its business combination with Blyvoor Gold Resources and Blyvoor Gold Operations.
Capital raise
DEFA14A: Rigel Resource Acquisition Corp Postpones Extraordinary General Meeting to February 28, 2025
Rigel Resource Acquisition Corp has postponed its extraordinary general meeting to February 28, 2025, and extended the deadline for redemption requests accordingly.
Delay expected
DEFA14A: Rigel Resource Acquisition Corp Postpones Extraordinary General Meeting to February 13, 2025
Rigel Resource Acquisition Corp has postponed its extraordinary general meeting to February 13, 2025, and extended the deadline for redemption requests to February 11, 2025.
Delay expected
DEFM14A: Rigel Resource Acquisition Corp. Shareholders to Vote on Business Combination with Aurous Resources
Rigel Resource Acquisition Corp. is seeking shareholder approval for its business combination with Aurous Resources, a transaction that would result in Aurous Resources becoming a publicly traded company on the Nasdaq.
Capital raise
Schedule 13G - Passive Investments
W. R. Berkley Corporation and its subsidiary Berkley Insurance Company have reported a complete divestment of their Class A ordinary shares in Rigel Resource Acquisition Corp, reducing their beneficial ownership to zero percent.
Worse than expected
A group of entities associated with Duke University has reported zero beneficial ownership of Rigel Resource Acquisition Corp.'s Class A Ordinary Shares as of December 31, 2025.
Centiva Capital, LP and Centiva Capital GP, LLC report 0% beneficial ownership in Rigel Resource Acquisition Corp.'s Class A ordinary shares.
W. R. Berkley Corporation and its subsidiary, Berkley Insurance Company, have disclosed a 6.5% beneficial ownership stake in Rigel Resource Acquisition Corp's Class A ordinary shares.
Millennium Management LLC and affiliated entities have disclosed a 9.8% beneficial ownership stake in Rigel Resource Acquisition Corp, totaling 150,000 Class A Ordinary Shares.
Westchester Capital Management and affiliated entities report zero beneficial ownership in Rigel Resource Acquisition Corp., signaling a complete exit from their previously reported stake.