{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-001510","form_type":"8-K","ticker":null,"cik":"0001860879","company_name":"Rigel Resource Acquisition Corp.","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.125314+00:00","generated_at":"2026-06-05T00:05:54.132498+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Rigel (RRAC) announces $35.6M share biz combination with Blyvoor Gold; to list as Aurous on Nasdaq","bullets":["Rigel SPAC to acquire Blyvoor Gold via merger; Target shareholders receive 35,600,000 Newco shares; Sellers get 6-month lock-up.","PIPE investment of $7.5M (750,000 shares at $10) from institutional investors; sponsor forfeiture shares to PIPE.","Earnout shares of up to 2,625,000 Newco shares based on gold production milestones (55k oz first, 95k oz second).","Closing conditions: stockholder approval, SEC registration effective, Nasdaq listing, minimum $50M cash proceeds.","Sponsor support agreement: sponsors vote for deal, lock-up 12-24 months on shares/warrants; deadline Aug 9, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-001510","json":"https://secwatch.observer/filing/0001829126-24-001510.json","markdown":"https://secwatch.observer/filing/0001829126-24-001510.md","text":"https://secwatch.observer/filing/0001829126-24-001510.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1860879/000182912624001510/0001829126-24-001510-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1860879/000182912624001510/rigelresource_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:05:54.132498+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"89494e9381cbafd8d0f7119bdd660e578d02ed3a","claim":"Rigel Resource Acquisition Corp. entered into Exchange Agreement with Newco, Blyvoor Gold Proprietary Limited, Orion Mine Finance Fund II L.P., and the Target Companies (effective 2024-03-11).","evidence_excerpt":"Concurrently with the execution of the Business Combination Agreement, Newco also entered into an Exchange Agreement (the “ Exchange Agreement ”), by and among, Newco, Blyvoor Gold Proprietary Limited, a South African private limited liability company (“ Blyvoor Gold ”), Orion Mine Finance Fund II L.P., a Bermuda limited partnership (“ Orion ” and, together with Blyvoor Gold, the “ Sellers ”), and the Target Companies.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1860879/000182912624001510/0001829126-24-001510-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Newco, Blyvoor Gold Proprietary Limited, Orion Mine Finance Fund II L.P., and the Target Companies"},{"label":"Effective","value":"2024-03-11"}],"fact_type":"material_agreement"},{"claim_id":"dddeeb13e2f53b58b62182278eb7d05f25b3b07c","claim":"Rigel Resource Acquisition Corp. entered into Business Combination Agreement with Rigel, Blyvoor Gold Resources Proprietary Limited, Blyvoor Gold Operations Proprietary Limited, RRAC NewCo, and RRAC Merger Sub (effective 2024-03-11).","evidence_excerpt":"On March 11, 2024, Rigel Resource Acquisition Corp, a Cayman Islands exempted company (“ Rigel ”), entered into a Business Combination Agreement (the “ Business Combination Agreement ”), by and among Rigel, Blyvoor Gold Resources Proprietary Limited, a South African private limited liability company (“ Blyvoor Resources ”), Blyvoor Gold Operations Proprietary Limited, a South African private limited liability company (“ Tailings ” and, together with Blyvoor Resources, the “ Target Companies ”, each a “ Target Company ”), RRAC NewCo, a Cayman Islands exempted company and wholly-owned subsidiary of Rigel (“ Newco ”), and RRAC Merger Sub, a Cayman Islands exempted company and wholly-owned subsidiary of Newco (“ Merger Sub ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1860879/000182912624001510/0001829126-24-001510-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Rigel, Blyvoor Gold Resources Proprietary Limited, Blyvoor Gold Operations Proprietary Limited, RRAC NewCo, and RRAC Merger Sub"},{"label":"Effective","value":"2024-03-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}