Rigel Resource Acquisition Corp.
09/30/2025 | Press release | Distributed by Public on 09/30/2025 04:01
Material Agreement (Form 8-K)
| Item 1.01. | Entry into a Material Definitive Agreement. |
Promissory Note
On September 26, 2025, Rigel Resource Acquisition Corp, a Cayman Islands exempted company (the "Company") entered into a Promissory Note (the "September 2025 Working Capital Loan") with Rigel Resource Acquisition Holding LLC, a Cayman Islands limited liability company (the "Sponsor"). Pursuant to the September 2025 Working Capital Loan, the Sponsor has agreed to loan to the Company up to $5,500,000 to be used for working capital purposes. The loan will not bear any interest, and will be repayable by the Company to the Sponsor upon the earlier of the date by which the Company must complete an initial business combination pursuant to its amended and restated memorandum and articles of association (as amended from time to time) and the consummation of the Company's initial business combination.
The foregoing description of the September 2025 Working Capital Loan does not purport to be complete and is qualified in its entirety by the terms and conditions of the September 2025 Working Capital Loan, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
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