Rigel Resource Acquisition Corp.
Cash in trust
$31.7M
$31,688,265
Trust per share
$10.20
Redemption value
IPO
Nov 2021
$294M raised
Combination deadline
—
Not disclosed
Filings on record
141
Latest Feb 13, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Mar 11, 2024
- Closed
- Nov 13, 2025
Overview
Rigel Resource Acquisition Corp. is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001860879. It completed its initial public offering in Nov 2021, raising $294M in gross proceeds. The vehicle is sponsored by Rigel Resource through Rigel Resource Acquisition Holding LLC. Business combination closed; the company trades under a new ticker.
“We intend to pursue an initial business combination with a target in the global mining industry, including operators of mines and providers of ancillary services, subject to certain limitations as described in this prospectus.”
Reading the filings
Arithmetic on what Rigel Resource Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.20 per public share, 2.0% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Extension history
Shareholders have already approved 2 extensions. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Sponsor record
Rigel Resource has launched 2 vehicles. Of the 2 that have resolved, 2 closed a combination and 0 liquidated, a 100% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
Goldman Sachs led the offering. It has been named on 97 SPAC IPOs, book-running 59 of them, and 58.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
At every shareholder vote holders may hand their shares back for their cash. Each bar is one vote, read out of the 8-K that reported it.
35M shares handed back across 5 votes, 116% of the shares sold at IPO.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
141 filings in all. 4 in the last three months, against a busiest month of 16.
News on Rigel Resource Acquisition Corp.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-26-015295
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001628280-26-007290
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001011438-26-000001
- 4
Statement of changes in beneficial ownership
Accession 0001193125-25-308160
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-005009
- 15-12G
Deregistration of securities
Accession 0001829126-25-009133
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001193125-25-274722
- 8-K
Termination of a material definitive agreement; Other events
Items 1.02, 8.01, 9.01 · Accession 0001829126-25-008928
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-25-105570
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001829126-25-007730
- 10-Q
Quarterly report
Accession 0001829126-25-006461
- NT 10-Q
Late quarterly report notification
Accession 0001829126-25-006336
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001140361-25-030968
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders
Items 1.01, 2.03, 5.03, 5.07, 9.01 · Accession 0001829126-25-006213
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001829126-25-005995
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-25-074208
- DEF 14A
Definitive proxy statement
Accession 0001829126-25-005458
- PRE 14A
PRE 14A
Accession 0001829126-25-005154
- 10-Q
Quarterly report
Accession 0001829126-25-003709
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-002146
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders
Items 1.01, 2.03, 5.03, 5.07, 9.01 · Accession 0001829126-25-003649
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001085146-25-002984
- 8-K
Current report
Items 4.01, 9.01 · Accession 0001829126-25-003569
- 8-K
Current report
Item 5.02 · Accession 0001829126-25-003439
- DEF 14A
Definitive proxy statement
Accession 0001829126-25-002964
- PRE 14A
PRE 14A
Accession 0001829126-25-002781
- 10-K
Annual report
Accession 0001829126-25-001989
- 425
Business-combination communication
Accession 0001829126-25-001335
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.07, 8.01, 9.01 · Accession 0001829126-25-001334
- DEFA14A
Additional proxy soliciting material
Accession 0001829126-25-001204
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Rigel Resource Acquisition Corp.: questions answered
What is Rigel Resource Acquisition Corp.?
Rigel Resource Acquisition Corp. is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001860879. It completed its initial public offering in Nov 2021, raising $294M in gross proceeds. The vehicle is sponsored by Rigel Resource through Rigel Resource Acquisition Holding LLC. Business combination closed; the company trades under a new ticker.
How much does Rigel Resource Acquisition Corp. hold in trust?
Approximately $31,688,265, or about $10.20 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Rigel Resource Acquisition Corp. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Rigel Resource Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Rigel Resource Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.20 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for Rigel Resource Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors Rigel Resource Acquisition Corp., and what is their track record?
Rigel Resource Acquisition Holding LLC is the sponsor entity, part of the Rigel Resource franchise. That franchise has launched 2 vehicles in total, of which 2 closed a combination and 0 liquidated, a 100% completion rate on resolved vehicles. Named principals: Jonathan Lamb, Oskar Lewnowski.
Which banks underwrote the Rigel Resource Acquisition Corp. IPO?
Goldman Sachs. Goldman Sachs was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Rigel Resource Acquisition Corp. a good investment?
That is not a question this site answers. Rigel Resource Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Rigel Resource Acquisition Corp. data come from?
Filings Rigel Resource Acquisition Corp. submitted to the SEC under CIK 0001860879: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Rigel Resource: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Goldman Sachs in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.