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)	(no burn)	(no burn)	468.60 k	358.33 k	745.57 k	268.28 k
Cash used (since last report)	n/a	n/a	1.31 mm	1.00 mm	2.08 mm	749.03 k
Cash remaining	n/a	n/a	-1.10 mm	-788.98 k	-1.87 mm	-537.56 k
Runway (months of cash)	n/a	n/a	-2.3	-2.2	-2.5	-2.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

RRACF institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	41	28	+46.4%
Opened positions	24	24	–
Closed positions	11	0	NEW
Increased positions	10	0	NEW
Reduced positions	1	2	-50.0%

13F shares	Current	Prev Q	Change
Total value	214.38 bn	1.48 bn	+14424.3%
Total shares	31.90 mm	12.22 mm	+161.0%
Total puts	0.00	0.00
Total calls	397.91 k	190.50 k	+108.9%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Rigel Resource Acquisition Holding	5.91 mm	$57.87 mm	0.0%
Vivaldi Asset Management	2.50 mm	$28.38 bn	NEW
Calamos Advisors	2.50 mm	$17.25 bn	+150.0%
Shaolin Capital Management	2.47 mm	$11.72 bn	+67.8%
Westchester Capital Management	2.03 mm	$23.01 bn	NEW
Mizuho Securities Usa	1.87 mm	$21.15 bn	NEW
Sculptor Capital	1.55 mm	$8.49 bn	NEW
WRB W. R. Berkley	1.55 mm	$17.52 bn	NEW
Meteora Capital	1.52 mm	$17.19 bn	NEW
Dumac	1.50 mm	$11.46 bn	NEW

Largest transactions	Shares	Bought/sold	Change
Vivaldi Asset Management	2.50 mm	+2.50 mm	NEW
Westchester Capital Management	2.03 mm	+2.03 mm	NEW
Mizuho Securities Usa	1.87 mm	+1.87 mm	NEW
Sculptor Capital	1.55 mm	+1.55 mm	NEW
WRB W. R. Berkley	1.55 mm	+1.55 mm	NEW
Meteora Capital	1.52 mm	+1.52 mm	NEW
Calamos Advisors	2.50 mm	+1.50 mm	+150.0%
Dumac	1.50 mm	+1.50 mm	NEW
Shaolin Capital Management	2.47 mm	+998.22 k	+67.8%
Periscope Capital	0.00	-872.90 k	EXIT

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

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