Range Capital Acquisition Corp. (RANG) Form 8-K — Jun 25, 2026
Range Capital Acquisition Corp. has amended its charter to extend the deadline to consummate a business combination to up to 27 months from its IPO closing, previously scheduled for December 2024. To fund the required deposits into the trust account for this extension, the company issued a $540,000 unsecured promissory note to its sponsor, Range Capital Acquisition Sponsor, LLC, allowing for monthly drawdowns of $60,000. Despite approving the extension, public shareholders overwhelmingly elected to redeem their shares.
Key figures
- Debt Amount
- 540000
- Shares Outstanding
- 2160471
- Shares Redeemed
- 9339529
- New Deadline Date
- March 23, 2027
- Redemption Price
- 10.62
- Monthly Extension Deposit
- 60000
Price after filing
Close on the filing date to close N calendar days later (from $10.67). Historical, not a forecast.
AI analysis
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