Rigel Resource Acquisition Corp extends deadline to Nov 9, 2025; secures up to $91.6K loan

Rigel Resource Acquisition Corp.

Shareholders approved extension of business combination deadline from Aug 9, 2025 to Nov 9, 2025.
Holders of 1,114,441 Class A shares redeemed at ~$12.07/share, totaling ~$13.45M; trust now ~$18.42M.
Company entered promissory note with sponsor and Orion for up to $91,555.74 to fund monthly contributions for extension.
Sponsor and Orion will contribute lesser of $55k or $0.02 per un-redeemed public share each month until Nov 9, 2025 or earlier business combination.

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