Range Capital faces Nasdaq holder deficiency notice
Range Capital Acquisition Corp. has fallen below Nasdaq’s 400-holder requirement and must submit a remediation plan within 45 days, with a potential extension of up to 180 days.
Rhea-AI Filing Summary
Range Capital Acquisition Corp. (RANG) disclosed that on September 11, 2026 it received a Nasdaq Staff notice stating it is not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires at least 400 Total Holders for continued listing on the Nasdaq Global Market (the “Minimum Total Holders Requirement”).
The notice does not immediately affect the listing or trading of the Company’s securities. Range Capital has 45 calendar days to submit a plan to regain compliance; if Nasdaq accepts the plan, the Company may receive up to 180 calendar days from the notice date to demonstrate compliance. The Company is evaluating potential actions but states there is no assurance it will regain compliance.
Positive
- None.
Negative
- Nasdaq listing deficiency for holder count: Range Capital Acquisition Corp. received a notice that it no longer meets Nasdaq Global Market Listing Rule 5450(a)(2) requiring at least 400 Total Holders, creating a risk to its continued listing if compliance is not restored within the allowed timeframe.
Filing Explained
If Nasdaq does not accept the company’s compliance plan, the company may appeal that decision to a Nasdaq Hearings Panel, providing an additional procedural route while the listing deficiency remains unresolved.
8-K Event Classification
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
1 item
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Key Figures
Minimum Total Holders Requirement: 400 Total Holders
Plan submission period: 45 calendar days
Maximum extension period: 180 calendar days
+1 more
4 metrics
Minimum Total Holders Requirement
400 Total Holders
Nasdaq Listing Rule 5450(a)(2) threshold for continued listing on Nasdaq Global Market
Plan submission period
45 calendar days
Time given to Range Capital Acquisition Corp. to submit a compliance plan after the September 11, 2026 notice
Maximum extension period
180 calendar days
Potential Nasdaq extension from the notice date if the company’s plan is accepted
Notice date
September 11, 2026
Date Nasdaq Staff notified the company of non-compliance with the 400 Total Holders rule
Key Terms
Minimum Total Holders Requirement, Nasdaq Global Market, Listing Rule 5450(a)(2), Nasdaq Hearings Panel, +1 more
5 terms
Minimum Total Holders Requirement regulatory
"not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 Total Holders"
Nasdaq Global Market regulatory
"for continued listing on the Nasdaq Global Market (the “Minimum Total Holders Requirement”)"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
Listing Rule 5450(a)(2) regulatory
"not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 Total Holders"
Nasdaq Hearings Panel regulatory
"the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
forward-looking statements regulatory
"Certain information contained in this on consists of forward-looking statements that involve risks"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Nasdaq compliance issue did Range Capital Acquisition Corp. (RANG) report?
Range Capital Acquisition Corp. reported that Nasdaq Staff notified it on September 11, 2026 that it is not in compliance with Listing Rule 5450(a)(2), which requires at least 400 Total Holders for continued listing on the Nasdaq Global Market.
Does the Nasdaq notice immediately affect trading of RANG securities?
No. The company states the Nasdaq notice is a notification of deficiency only and has no current effect on the listing or trading of Range Capital Acquisition Corp.’s securities on the Nasdaq Global Market.
How long does RANG have to respond to the Nasdaq deficiency notice?
Range Capital Acquisition Corp. has 45 calendar days from the date of the Nasdaq notice to submit a plan to regain compliance with the Minimum Total Holders Requirement of 400 holders.
What extension period could Nasdaq grant to Range Capital Acquisition Corp. (RANG)?
If Nasdaq accepts Range Capital Acquisition Corp.’s compliance plan, Nasdaq may grant an extension of up to 180 calendar days from the notice date for the company to evidence compliance with the 400 Total Holders requirement.
Can Range Capital Acquisition Corp. appeal if Nasdaq rejects its compliance plan?
Yes. If Nasdaq does not accept the company’s plan, Range Capital Acquisition Corp. will have an opportunity to appeal the decision to a Nasdaq Hearings Panel, according to the disclosure.
What uncertainty does RANG highlight regarding regaining Nasdaq compliance?
Range Capital Acquisition Corp. states it is considering actions to regain compliance with the Minimum Total Holders Requirement, but cautions there can be no assurance that it will regain compliance during any applicable cure period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
