Rigel Resource Acquisition Corp. Announces Pricing of US$275M IPO

Winston & Strawn LLP represented Goldman Sachs & Co. LLC, as underwriter’s counsel, in the SPAC IPO for Rigel Resource Acquisition Corp. (the Company or "RRAC"), a blank check company with a business purpose to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. RRAC announced the pricing of its IPO of 27,500,000 units at a price of US$10.00 per unit. The units are expected to be listed on the NYSE and will begin trading on November 5, 2021, under the ticker symbol "RRAC.U." Each unit is comprised of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of US$11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "RRAC" and "RRAC WS," respectively. The offering is expected to close on November 9, 2021, subject to customary closing conditions. The Company intends to pursue an initial business combination with a target in the global mining industry, including operators of mines and providers of ancillary services.