STOCK TITAN

Range Capital draws $60K from sponsor for trust account

The note bears no interest, and repayment is tied to a business combination or the effective date of the company’s winding up.

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Range Capital Acquisition Corp. drew $60,000 under an unsecured promissory note issued to its sponsor on September 22, 2026, and deposited the draw into its Trust Account; $240,000 was outstanding under the note. The note has principal of up to $540,000 and supports drawdowns connected with sponsor or designee contributions of up to $60,000 per month to the Trust Account. It bears no interest.

Principal is payable at the earlier of the company’s initial business combination or the effective date of its winding up. If the company does not complete a business combination, repayment is limited to amounts, if any, remaining outside the Trust Account. Certain events of default automatically make unpaid principal and other sums immediately due.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Maximum note principal Up to $540,000 Unsecured note issued to the sponsor on June 18, 2026
Maximum monthly contributions Up to $60,000 per month Contributions to the Trust Account by the sponsor or its designees
Drawdown $60,000 Drawn and deposited into the Trust Account on September 22, 2026
Outstanding principal $240,000 Aggregate amount outstanding under the note on September 22, 2026
unsecured promissory note financial
"issued an unsecured promissory note"
An unsecured promissory note is a written IOU in which a borrower promises to repay a loan plus any interest but does not pledge any asset as collateral. Investors care because it relies solely on the borrower’s ability to pay—like lending money to someone without holding their watch as security—so it usually carries higher interest and higher risk and ranks below secured debt if the borrower defaults, affecting expected recovery and company credit profile.
Trust Account financial
"deposited into the Trust Account"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
initial business combination financial
"consummates its initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
events of default financial
"subject to customary events of default"
Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did RANG draw from its sponsor note?

On September 22, 2026, Range Capital Acquisition Corp. drew $60,000 under the note and deposited the amount into the Trust Account. The aggregate outstanding principal under the note was $240,000.

When is RANG’s sponsor note repayable?

The note bears no interest, and principal is payable on the earlier of the company’s initial business combination or the effective date of its winding up. If no business combination is completed, repayment is limited to amounts, if any, remaining outside the Trust Account. Certain events of default automatically make unpaid principal and other sums immediately due.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): September 22, 2026

 

 

Range Capital Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-42448   N/A

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

44 Main Street

Cold Spring Harbor

New York

  11724
(Address of principal executive offices)   (Zip Code)

(631) 246-0360

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Units, each consisting of one Ordinary Share and one Right   RANGU   The Nasdaq Stock Market LLC
Ordinary shares, par value $0.0001 per share   RANG   The Nasdaq Stock Market LLC
Rights, each Right to acquire one-tenth (1/10) of one Ordinary Share   RANGR   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 
 


Item 8.01

Other Events

As previously reported in its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on June 25, 2026, on June 18, 2026, Range Capital Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of up to $540,000 to its sponsor, Range Capital Acquisition Sponsor, LLC (the “Sponsor”), to be drawn down in connection with the previously announced contributions of up to $60,000 per month (the “Contributions”) by the Sponsor or its designees to the trust account established in connection with the Company’s initial public offering (the “Trust Account”). The Note does not bear interest and the principal balance will be payable on the earlier of: (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company is effective. In the event that the Company does not consummate an initial business combination, the Note will be repaid only from amounts remaining outside of the Trust Account, if any. The Note is subject to customary events of default, the occurrence of certain of which automatically triggers the unpaid principal balance of the Note and all other sums payable with regard to the Note becoming immediately due and payable. On September 22, 2026, $60,000 was drawn down from the Note and deposited into the Trust Account, and an aggregate of $240,000 was outstanding under the Note.

The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit No.    Description
104    Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).

 

2


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

RANGE CAPITAL ACQUISITION CORP.
By:  

/s/ Tim Rotolo

  Name: Tim Rotolo
  Title:  Chief Executive Officer

Date: September 23, 2026

Filing Exhibits & Attachments

4 documents

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