RRACF
Rigel Resource Acquisition Corp.11.89
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
107.32MP/E (TTM)
-Basic EPS (TTM)
-0.12Dividend Yield
0%Recent Filings
8-K
Rigel terminates deal, liquidates
Rigel Resource Acquisition Corp mutually terminated its business combination agreement with Blyvoor Gold parties on November 7, 2025, with no penalties. Missing the November 9 deadline, it will redeem all public shares pro rata from trust funds—minus up to $100,000 expenses—and liquidate. Warrants expire worthless. Public shareholders get cash; Rigel files Form 15 soon.
8-K
Sponsor loans $5.5M interest-free
10-Q
Q2 FY2025 results
Rigel posted a Q2 net loss of $8.1M, or $(0.67) per Class A share, versus $1.2M last year, driven by a $7.9M fair value loss on derivative liabilities while trust income hit $457K. Expenses fell to $795K from $2.5M y/y. YTD swung to $770K profit from $4.2M loss, with trust at $31.7M after heavy redemptions (4.5M shares at ~$11.90 in May). Related-party notes reached $14.8M; cash outside trust dwindled to $60K. Shareholders approved the Aurous gold merger in February, but Nasdaq listing and South African approvals pend. Trust runs dry by November without close. Redemptions crushed the trust.
8-K
SPAC deadline extended to Nov.
Rigel Resource Acquisition Corp extended its deadline to complete a business combination from August 9 to November 9, 2025, after shareholders approved the charter amendment at an August 8 special meeting. Redemptions of 1,114,441 Class A shares at ~$12.07 left $18.4M in trust. Sponsor and Orion committed up to $91,556 in interest-free monthly loans to fund the extension. More runway secured.
8-K
Sponsor loans up to $1M
Rigel Resource Acquisition Corp secured an interest-free promissory note from its sponsor on August 4, 2025, for up to $1,000,000 in working capital drawdowns. Funds support operations until the earlier of its business combination deadline or closing. Repayment hinges on that milestone. Sponsor waived trust claims.
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