Rigel Resource Acquisition Corp. Announces Non-Binding Letter Of Intent To Acquire Metals Company
Acquiring Company
Rigel Resource Acquisition Corp
Acquired Company
TMC the metals company
VancouverPrecious MetalsManufacturingMiningPrecious MetalsDescription
Rigel Resource Acquisition Corp. (NYSE: RRAC) (the “Company”) today announced that it signed a non-binding letter of intent for a business combination with a company in the global metals sector (“Target”) on March 23, 2023. However, no assurances can be made that the Company and Target will successfully negotiate and enter into a definitive agreement regarding a business combination. Any transaction would be subject to board and equity holder approval of both the Company and Target, regulatory approvals and other customary closing conditions.
Quick answer
Rigel Resource Acquisition Corp is acquiring TMC the metals company, announced July 26, 2023.
- How much did Rigel Resource Acquisition Corp pay for TMC the metals company?
- The deal value was not disclosed.
- What does Rigel Resource Acquisition Corp do?
- Rigel Resource Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more..
- Where are Rigel Resource Acquisition Corp and TMC the metals company based?
- TMC the metals company is based in Vancouver, British Columbia, Canada.
Source: Fundz verified event record.
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Frequently asked
Who acquired TMC the metals company?
TMC the metals company was acquired by Rigel Resource Acquisition Corp. The deal was reported on July 26, 2023. Rigel Resource Acquisition Corp is privately held and operates in Precious Metals.
When did Rigel Resource Acquisition Corp acquire TMC the metals company?
Rigel Resource Acquisition Corp's acquisition of TMC the metals company was reported on July 26, 2023. Rigel Resource Acquisition Corp. (NYSE: RRAC) (the “Company”) today announced that it signed a non-binding letter of intent for a business combination with a company in the global metals sector (“Target”) on March 23, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TMC the metals company do?
TMC is an explorer of the world's largest undeveloped resource of critical battery metals. The company focuses on producing high-grade nickel-copper-cobalt alloy and manganese silicate from deep-seafloor polymetallic nodules. It is publicly traded (TMC), operating in Manufacturing, and is based in Vancouver.
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