Rigel Resource Acquisition (RRACF)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	211.46 k	211.46 k	211.46 k	211.46 k	211.46 k	211.46 k
Cash burn (monthly)	107.26 k	(no burn)	468.60 k	630.25 k	440.59 k	326.16 k
Cash used (since last report)	431.42 k	n/a	1.88 mm	2.54 mm	1.77 mm	1.31 mm
Cash remaining	-219.96 k	n/a	-1.67 mm	-2.32 mm	-1.56 mm	-1.10 mm
Runway (months of cash)	-2.1	n/a	-3.6	-3.7	-3.5	-3.4

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

RRACF institutional ownership history Ownership history

83.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	25	9	+177.8%
Opened positions	22	5	+340.0%
Closed positions	6	37	-83.8%
Increased positions	1	3	-66.7%
Reduced positions	1	0	NEW

13F shares	Current	Prev Q	Change
Total value	1.48 bn	48.38 bn	-96.9%
Total shares	12.23 mm	10.17 mm	+20.2%
Total puts	0.00	0.00
Total calls	240.00 k	0.00	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Rigel Resource Acquisition Holding	5.91 mm	$57.87 mm	0.0%
Shaolin Capital Management	1.03 mm	$360.24 mm	NEW
Calamos Advisors	1.00 mm	$350.00 mm	-33.3%
Dumac	1.00 mm	$11.52 mm	NEW
Ics Opportunities	680.00 k	$7.76 mm	NEW
Cowen And	522.45 k	$182.86 mm	+354.1%
Saba Capital Management	414.78 k	$145.15 mm	NEW
Clear Street	305.21 k	$107.00 k	NEW
Verition Fund Management	274.55 k	$96.09 mm	NEW
Periscope Capital	268.10 k	$93.84 mm	NEW

Largest transactions	Shares	Bought/sold	Change
Mizuho Securities Usa	0.00	-1.87 mm	EXIT
Shaolin Capital Management	1.03 mm	+1.03 mm	NEW
Dumac	1.00 mm	+1.00 mm	NEW
Ics Opportunities	680.00 k	+680.00 k	NEW
Calamos Advisors	1.00 mm	-500.00 k	-33.3%
Saba Capital Management	414.78 k	+414.78 k	NEW
Cowen And	522.45 k	+407.40 k	+354.1%
Crystalline Management	0.00	-400.00 k	EXIT
Clear Street	305.21 k	+305.21 k	NEW
Verition Fund Management	274.55 k	+274.55 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

News

From Benzinga Pro

Rigel Resource Acquisition Corp Announces Receipt Of NYSE Delisting Notice, States That It Would Suspend The Listing Of The Co's Class A Ordinary Shares, Warrants, Each Exercisable For One Class A Ordinary Share At An Exercise Price Of $11.50 Per Share

5 Nov 24

Rigel Resource Acquisition Corp (the "Company" or "Rigel") (NYSE:RRAC) announced that it received a notification letter from the New York Stock Exchange ("NYSE") on November 4, 2024, stating that it would suspend the

Press releases

From Benzinga Pro

Rigel Resource Acquisition Corp Announces Effectiveness of Registration Statement and Special Meeting Date for Proposed Business Combination with Aurous

15 Jan 25

Registration Statement on Form F-4 declared effective, Extraordinary General Meeting to be held on February 4, 2025 and Closing expected shortly thereafter Total committed and commercially agreed upon PIPE financing

OTC Markets Group Welcomes Rigel Resource Acquisition Corp to OTCQX

12 Dec 24

NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Rigel Resource Acquisition Corp

Rigel Resource Acquisition Corp Announces Receipt of NYSE Delisting Notice

5 Nov 24

Rigel Resource Acquisition Corp (the "Company" or "Rigel") (NYSE:RRAC) announced that it received a notification letter from the New York Stock Exchange ("NYSE") on November 4, 2024, stating that