RRAC SEC filings, in plain English
Everything Rigel Resource Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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- What changed vs 2025-05-15trust $84.4M → $83.3M -1%deadline 2025-08-09 → 2025-11-09shares 7.13M → 2.64M -63%
trust account, combination deadline, redeemable shares +33 moved · 3 with no prior record of ours
- Trust account
- $84.4M$83.3M
- Combination deadline
- 2025-08-092025-11-09
- Redeemable shares
- 7.13M2.64M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $4.2M · unchanged
- Mandate language
- We intend to pursue an initial Business Combination with a t… · unchanged
SpacBrain reads this as $1,100,000 left the trust between the two filings.
The clause …“in the Trust Account. At December 31, 2024, the Company had approximately $ 83.3 million in treasury securities held in the Trust Account. On August 10, 2023, the Company instructed Continental Stock Transfer & Trust Company, the”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“transaction. If the Company is unsuccessful in consummating an initial Business Combination by November 9, 2025, per the mandatory liquidation requirement, the Company must cease all operations, redeem the Public Shares and”…
SpacBrain reads this as 4,489,188 shares are no longer redeemable.
The clause …“issued and outstanding at June 30, 2025 and December 31, 2024 (excluding 2,640,370 and 7,129,558 shares subject to possible redemption, respectively) - - Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized,”…
The clause …“liquidate and dissolve. In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
The clause …“Loan. As of June 30, 2025 and December 31, 2024, there was $ 4,200,000 and $ 4,200,000 outstanding under the Second Extension Loan, respectively, and is included in convertible promissory notes - related parties on the accompanying”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Rigel Resource Acquisition Corp called an extraordinary general meeting for August 8, 2025 at 9:30 a.m. Eastern Time at the offices of Sidley Austin LLP in Houston, to extend the Current Termination Date from August 9, 2025 to November 9, 2025 or an earlier date set by the board. The extension is sought to complete the business combination entered March 11, 2024 with Blyvoor Gold Resources Proprietary Limited of South Africa. The proxy discloses that in connection with the approval of the Business Combination, holders of 6,369,522 Public Shares previously elected to redeem their shares. Why it matters: Redemption of 6,369,522 public shares at the business combination vote has already drained most of the trust, so the remaining holders are a small residual carrying the deal risk. A South African gold mining target adds jurisdictional and permitting complexity to a transaction signed nearly eighteen months earlier and still unclosed. Shareholders who did not previously tender keep their redemption right at trust value, which remains the certain alternative to a further three months.
combination deadlinenothing moved · 1 with no prior record of ours
- Combination deadline
- 2025-12-31 · unchanged
The clause …“taxable year, however, may depend in part on whether it completes an initial business combination prior to December 31, 2025, as well as the timing and specifics of any such initial business combination. Because these and other facts”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-11-14trust $270.7M → $84.4M -69%deadline 2025-05-09 → 2025-08-09sponsor loan $3.0M → $4.2Mshares 7.13M → 7.13M +0%
trust account, combination deadline, sponsor loans outstanding +34 moved · 2 with no prior record of ours
- Trust account
- $270.7M$84.4M
- Combination deadline
- 2025-05-092025-08-09
- Sponsor loans outstanding
- $3.0M$4.2M
- Redeemable shares
- 7.13M7.13M
- Going-concern doubt
- stated · unchanged
- Mandate language
- We intend to pursue an initial Business Combination with a t… · unchanged
SpacBrain reads this as $186,300,000 left the trust between the two filings.
The clause …“held in Trust Account At March 31, 2025, the Company had approximately $ 84.4 million in cash held in the Trust Account. At December 31, 2024, the Company had approximately $ 83.3 million in treasury securities held in the Trust”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“transaction. If the Company is unsuccessful in consummating an initial Business Combination by August 9, 2025, per the mandatory liquidation requirement, the Company must cease all operations, redeem the Public Shares and”…
SpacBrain reads this as the sponsor has advanced $1,200,000 more.
The clause …“Loan. As of March 31, 2025 and December 31, 2024, there was $ 4,200,000 and $ 4,200,000 outstanding under the Second Extension Loan, respectively, and is included in convertible promissory notes - related parties on the accompanying”…
SpacBrain reads this as 270 more shares carry a redemption right.
The clause …“issued and outstanding at March 31, 2025 and December 31, 2024 (excluding 7,129,558 shares subject to possible redemption, respectively) - - Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized, 7,500,000 shares”…
The clause …“liquidate and dissolve. In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Rigel Resource Acquisition Corp called an extraordinary general meeting for May 8, 2025 at 10 a.m. Eastern Time at Sidley Austin LLP in New York on an Extension Proposal giving more time to close the Blyvoor Gold business combination signed March 11, 2024. Holders of 6,369,522 public shares had already elected to redeem in connection with the business combination vote. Trust held approximately $84.4 million as of March 31, 2025, and the company estimates a per-share redemption price of about $11.84 at the time of the Special Meeting. The public share closed at $9.10 on March 31, 2025. Why it matters: The shares closed at $9.10 against an estimated $11.84 of trust value per share — a roughly 23% discount to a cash floor, which is the single most important number here and is unusual outside of shares whose redemption right is in doubt. The proxy warns that holders who already tendered for redemption will not be redeemed if the meeting is not held and the extension not implemented, so failing to hold the meeting puts that floor itself at risk.
What changed vs 2024-07-22deadline 2025-05-09 → 2025-12-31combination deadline1 moved
- Combination deadline
- 2025-05-092025-12-31
SpacBrain reads this as 236 days later than the previous record.
The clause …“taxable year, however, may depend in part on whether it completes an initial business combination prior to December 31, 2025, as well as the timing and specifics of any such initial business combination. Because these and other facts”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-03-22trust $310.5M → $270.7M -13%deadline 2024-08-09 → 2025-05-09sponsor loan $800K → $3.0Mshares 24.6M → 7.13M -71%
trust account, combination deadline, sponsor loans outstanding +34 moved · 2 with no prior record of ours
- Trust account
- $310.5M$270.7M
- Combination deadline
- 2024-08-092025-05-09
- Sponsor loans outstanding
- $800K$3.0M
- Redeemable shares
- 24.6M7.13M
- Going-concern doubt
- stated · unchanged
- Mandate language
- We intend to pursue an initial Business Combination with a t… · unchanged
SpacBrain reads this as $39,800,000 left the trust between the two filings.
The clause …“in the Trust Account. At December 31, 2023, the Company had approximately $ 270.7 million in treasury securities held in the Trust Account. On August 10, 2023, the Company instructed Continental Stock Transfer & Trust Company, the”…
SpacBrain reads this as 273 days later than the previous record.
The clause …“transaction. If the Company is unsuccessful in consummating an initial Business Combination by May 9, 2025, per the mandatory liquidation requirement, the Company must cease all operations, redeem the Public Shares and thereafter”…
SpacBrain reads this as the sponsor has advanced $2,200,000 more.
The clause …“without penalty. As of December 31, 2024 and 2023, there was $3,000,000 and $3,000,000 outstanding under the First Extension Loan, respectively, and is included in convertible promissory notes - related parties on the accompanying”…
SpacBrain reads this as 17,440,475 shares are no longer redeemable.
The clause …“no shares issued and outstanding at December 31, 2024 and 2023 (excluding 7,129,558 and 24,570,033 shares subject to possible redemption, respectively) - - Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized,”…
The clause …“our securities. Our financial statements include a disclosure regarding the substantial doubt about our ability to continue as a “going concern.” Our independent registered public accounting firm’s report contained elsewhere in this”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.