Rigel Resource Acquisition’s $275 Million Initial Public Offering

Winston & Strawn represented Goldman Sachs & Co. LLC, as underwriter, in the offering.

Rigel Resource Acquisition Corp., a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses., announced the pricing of its initial public offering of 27,500,000 units at a price of $10.00 per unit. The units began 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 $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 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.

The Winston & Strawn team included Michael J. Blankenship (Picture), Douglas C. Lionberger, John P. Niedzwiecki, Ben D. Smolij and Alec P. Tanner.

Involved fees earner: Michael Blankenship – Winston & Strawn; Douglas Lionberger – Winston & Strawn; John Niedzwiecki – Winston & Strawn; Ben Smolij – Winston & Strawn; Alec Tanner – Winston & Strawn;

Law Firms: Winston & Strawn;

Clients: Goldman Sachs & Co.;