SEC Comment Letter 0000000000-24-010542 to Rigel Resource Acquisition Corp. (RRAC, RRAC-UN, RRAC-WT) (CIK 0001860879)
Rigel Resource Acquisition Corp. (RRAC, RRAC-UN, RRAC-WT) (CIK 0001860879)
Date: Sept. 18, 2024 · CIK: 0001860879 · Accession: 0000000000-24-010542
AI Filing Summary & Sentiment
File numbers found in text: 001-41022
Letter
September 18, 2024 Jeff Feeley Chief Financial Officer Rigel Resource Acquisition Corp. 7 Bryant Park 1045 Avenue of the Americas, Floor 25 New York, NY 10018 Re:Rigel Resource Acquisition Corp. Form 10-K for the year ended December 31, 2023 Filed March 22, 2024 File No. 001-41022 Dear Jeff Feeley: We have reviewed your filing and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments.
September 18, 2024 Page 2 Form 10-K for the year ended December 31, 2023 Item 9A. Controls and Procedures, page 63 1.We note that disclosure controls and procedures were not effective as of December 31, 2023 due to a material weakness in internal control over financial reporting. Please disclose the Evaluation Date used to assess internal control over financial reporting and tell us how management was able to conclude that internal control over financial reporting was effective when a material weakness existed. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact William Demarest at 202-551-3432 or Kristina Marrone at 202-551-3429 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc:Michael J. Mies, Esq.
Show Raw Text
September 18, 2024
Jeff Feeley
Chief Financial Officer
Rigel Resource Acquisition Corp.
7 Bryant Park
1045 Avenue of the Americas, Floor 25
New York, NY 10018
Re:Rigel Resource Acquisition Corp.
Form 10-K for the year ended December 31, 2023
Filed March 22, 2024
File No. 001-41022
Dear Jeff Feeley:
We have reviewed your filing and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
September 18, 2024
Page 2
Form 10-K for the year ended December 31, 2023
Item 9A. Controls and Procedures, page 63
1.We note that disclosure controls and procedures were not effective as of December 31,
2023 due to a material weakness in internal control over financial reporting. Please
disclose the Evaluation Date used to assess internal control over financial reporting and
tell us how management was able to conclude that internal control over financial
reporting was effective when a material weakness existed.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact William Demarest at 202-551-3432 or Kristina Marrone at 202-551-3429
if you have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc:Michael J. Mies, Esq.