Range Capital Acquisition Corp has announced that starting January 13, 2025, holders of units from its initial public offering can choose to trade the company's ordinary shares and rights separately. The units currently trade on the Nasdaq Global Market under the symbol RANGU.
Once separated, the ordinary shares and rights will trade under the symbols RANG and RANGR respectively. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units into ordinary shares and rights.
The SEC declared the registration statement for these securities effective on December 19, 2024. The offering was conducted via prospectus, available through EarlyBirdCapital, Inc.
Range Capital Acquisition Corp. announced the full exercise of underwriters' over-allotment option for its initial public offering (IPO), resulting in an additional 1,500,000 units issued at $10.00 per unit. The total offering now comprises 11,500,000 units with an aggregate value of $115,000,000.
Each unit contains one ordinary share and one right to receive one-tenth of an ordinary share upon completing an initial business combination. The securities will be listed on the Nasdaq Global Market under symbols 'RANG' (ordinary shares) and 'RANGR' (rights). EarlyBirdCapital, Inc. served as the sole book-running manager for the offering.