Rigel Resource Acquisition, a new SPAC focused on the global metals value chain, registered to raise up to $250 million through an offering of 25 million units.
Each unit consists of one Class A ordinary share and one-half of a warrant.
Rigel Chairman Oskar Lewnowski is the founder and CIO of Orion Resource Partners. Prior to Orion, he was a founding partner of the Red Kite Group, a hedge fund in the metals space.
Goldman Sachs is sole book-running manager of the offering. The underwriter’s over-alltoment option covers the purchase of up to an additional 3.75 million units.
The SPAC intends to apply for a NYSE listing under RRAC.U. Read more.
