Rigel Resource Acquisition Corp.
closedU=S+W/2W=S@11.50
RRACF
Capital Structure & Economics
Trust Size$255,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
50% Warrant Inclusion| Public Trust Allocation | $255,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedOct 19, 2021
Target AnnouncedMar 11, 2024
Maturation Wall
Jan 31, 2025
Announced Target / M&A
- Target CompanyAurous Resources
- SectorMining
- Announcement Date2024-03-11
Board & Officers
- Jonathan LambCEO
- Nathanael AbebeOfficer
- Christine CoignardOfficer
- Kelvin DushniskyOfficer
- L. Peter O’HaganOfficer
- Orion Mine Finance GP III LPOfficer
- Orion Mine Finance Fund III LPOfficer
- Director
Advanced Structuring Terms
| Target Sectors | Mining |
Syndicate & Advisors
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.