Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Rigel Resource Acquisition Corp. incurred loan of lesser of (x) $55,000 and (y) $0.02 for each Public Share with Rigel Resource Acquisition Holding LLC and Orion Mine Finance GP III LP at will not bear any interest maturing upon the earlier of (i) the date of the closing of the Business Combination and (ii) November 9, 2025.
- Instrument
- loan
- Principal
- lesser of (x) $55,000 and (y) $0.02 for each Public Share
- Counterparty
- Rigel Resource Acquisition Holding LLC and Orion Mine Finance GP III LP
- Rate
- will not bear any interest
- Maturity
- upon the earlier of (i) the date of the closing of the Business Combination and (ii) November 9, 2025
- Event
- incurrence
Exact text from the filing
Sponsor and Orion have agreed that they will contribute to the Company as a loan (each loan being referred to herein as a “Contribution”) in an amount equal to the lesser of (x) $55,000 and (y) $0.02 for each Public Share (as defined below) that was not redeemed in connection with the Special Meeting (as defined below), for each month (or a pro rata portion
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Rigel Resource Acquisition Corp.: Approved amendment to the Amended and Restated Memorandum and Articles of Association to extend the business combination deadline from August 9, 2025 to November 9, 2025 (effective 2025-08-08).
- Change
- charter amendment
- Effective
- 2025-08-08
Exact text from the filing
The Shareholders approved the proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter”) to extend the date by which the Company must either (1) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company with one or more businesses or entities (a “ Business Combination ”) or (2) (i) cease its operations, except for the purpose of winding up if it fails to complete an initial Business Combination, and (ii) redeem all of the Class A ordinary shares, par value $0.0001 per share, of the Company, included as part of the units sold in the Company’s initial public offering, which was consummated on November 9, 2021, from August 9, 2025 to November 9, 2025, or such earlier date as determined by the Company’s board of directors (the “ Extension ,” and such proposal, the “ Extension Proposal ”) .
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