secwatch.observer — SEC 8-K summary
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Issuer:     Rigel Resource Acquisition Corp. (—)
CIK:        0001860879
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001829126-23-005302
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 3.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigel Resource Acquisition Corp shareholders approve extension to Aug 2024; ~$58M redeemed
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- Shareholders approved Extension Amendment to extend business combination deadline to August 9, 2024.
- 5,429,967 Class A shares redeemed at ~$10.73/share for ~$58.3M; trust account balance ~$263.7M.
- Sponsor Rigel Resource Acquisition Holding LLC provided two convertible notes up to $3M and $4.2M.
- Sponsor made initial $248,387 contribution under second loan on August 9, 2023.
- Charter amended to eliminate net tangible assets redemption limitation, enabling redemptions above $5M threshold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860879/000182912623005302/0001829126-23-005302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860879/000182912623005302/rigelresourceacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-005302

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