Range Capital Acquisition Corp II Class A Ordinary Shares

RNGT: 10-Q · periodic report

Range Capital Acquisition Corp II filed its 10-Q for the quarter ended June 30, 2026, reporting Q2 net income of $1,934,271 and six-month net income of $3,778,200, driven almost entirely by $4,145,438 of interest earned on the $236,249,983 held in its trust account. The pre-deal SPAC has no operations and generates no revenue. Management disclosed substantial doubt about the company's ability to continue as a going concern, citing only $816,510 of cash outside the trust and $790,234 of working capital against the significant costs it expects in pursuing an acquisition. Operating activities used $321,163 of cash in the first half of 2026, and the sponsor advanced $15,065 to cover expenses. The company completed a $230,000,000 IPO on October 6, 2025 (23,000,000 units at $10.00) plus a $6,600,000 private placement, but has not selected a business combination target or engaged in any substantive discussions with any target. It has until October 6, 2027 — 24 months from the IPO closing — to complete a deal, or it must liquidate and redeem public shares at the trust value of roughly $10.27 per share.

SEC 10-Q•2mo ago