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Range Capital Acquisition Corp. received an amended Schedule 13G from several Bank of Montreal entities reporting that they no longer beneficially own its ordinary shares. Bank of Montreal, Bank of Montreal Holding Inc., BMO Nesbitt Burns Inc., and Bank of Montreal Europe Plc each report owning 0 shares, representing 0% of the class as of 12/31/2025.
The filers state they hold securities only in the ordinary course of business and not to change or influence control of the company. This amendment effectively confirms that these institutions no longer have a reportable ownership stake of 5% or more in RANG.
Range Capital Acquisition Corp. received an updated ownership report showing a group led by Wolverine Asset Management, LLC holding 564,352 ordinary shares. This stake represents 3.52% of the company’s outstanding ordinary shares as of a base of 16,037,500 shares on November 7, 2025.
Wolverine Asset Management, Wolverine Holdings, LLC, and individuals Christopher L. Gust and Robert R. Bellick share voting and investment power over these shares. They certify the position is held in the ordinary course of business and not for the purpose of influencing control of the company.
Range Capital Acquisition Corp. (RANG) filed its quarterly report for the period ended September 30, 2025. The SPAC reported net income of $1.08 million for the quarter and $3.02 million for the nine months, driven by $1.24 million in interest earned on funds held in its trust during the quarter. Operating costs were $166,641 for the quarter and $647,880 year-to-date.
Investments held in the Trust Account were $119.34 million as of September 30, 2025. The balance sheet shows 11,500,000 ordinary shares classified as subject to possible redemption at a redemption value of approximately $10.38 per share. Cash outside the trust was $419,020 with working capital of $342,927. Management noted substantial doubt about the company’s ability to continue as a going concern if a business combination is not completed by June 23, 2026.
The company completed its IPO and full over-allotment, placing $115.58 million into the trust. Subsequent developments included the auditor transition from Marcum LLP to CBIZ CPAs P.C. in April 2025 and the appointment of Al Kucharchuk as CFO in August 2025 via a consulting agreement. As of November 7, 2025, 16,037,500 ordinary shares were issued and outstanding.