Range Capital Acquisition Corp. extended the time it has to complete a business combination to up to 27 months from its IPO closing, following shareholder approval of an Extension Amendment Proposal. The sponsor agreed to fund up to $60,000 per month into the Trust Account via a non-interest-bearing, unsecured promissory note of up to $540,000, payable at business combination or winding up.
At the extraordinary general meeting, 11,660,851 votes were cast for the extension and 1,974,523 against. In connection with the vote, holders of 9,339,529 ordinary shares redeemed at approximately $10.62 per share for an aggregate of about $99,492,433.31, leaving approximately $23,015,134.62 in the Trust Account and 2,160,471 ordinary shares outstanding. The company also reduced allowable liquidation and dissolution expenses from $100,000 to $20,000.
Range Capital Acquisition Corp. is asking shareholders to approve an extension of the deadline to complete a business combination from June 23, 2026 to up to March 23, 2027, with monthly one‑month extensions available after the current 18‑month deadline.
For each additional month, the sponsor or its affiliates will contribute an amount equal to $0.03 per public share, up to $60,000, into the company’s Trust Account through a non‑interest bearing, unsecured promissory note payable at the time of a business combination. The company also plans to reduce the amount of interest that may be used for liquidation and dissolution expenses from $100,000 to $20,000.
Based on approximately $122.17 million in the Trust Account as of May 21, 2026, the company estimates the per‑share redemption price for public shareholders at the Extraordinary General Meeting to be about $10.62. Shareholders who do not redeem will keep the right to vote on, and redeem in connection with, a future business combination.
Barclays PLC reported beneficial ownership of 1,122,625 shares of Range Capital Acquisition Co. common stock, equal to 7.00% of the class. The filing (Amendment No. 1 to a Schedule 13G) lists sole voting and dispositive power over these shares and identifies Barclays Bank PLC and Barclays Capital Inc. as relevant subsidiaries. The report is signed by Ramya Rao as Director on 05/14/2026.
Range Capital Acquisition Corp. reported net income of $857,705 for the quarter ended March 31, 2026, driven by interest income of $1,070,686 on the $121,580,626 held in its Trust Account. Operating and formation costs were $212,981.
The SPAC had cash of only $4,392 outside the Trust Account and a working capital deficit of $2,286, and its auditors noted substantial doubt about its ability to continue as a going concern. Range has until June 23, 2026 to complete a business combination and has arranged up to $1,500,000 of additional sponsor-affiliate financing and is seeking shareholder approval to extend its deadline to December 23, 2026.
Range Capital Acquisition Corp. is asking shareholders to approve an Extension Amendment that would move its SPAC deadline to complete a business combination from June 23, 2026 to December 23, 2026, or an earlier date set by the board.
If the extension is approved, public shareholders may redeem their shares for cash equal to their pro rata portion of the funds in the trust. Based on approximately $121.9 million in the trust on May 1, 2026, the estimated redemption price is about $10.60 per share, compared with a Nasdaq trading price of $10.82 that day.
The meeting will also consider an Adjournment Proposal that would allow the board to postpone the vote if there are not enough votes to pass the extension or if the board decides not to proceed. If the extension is not approved and no deal is completed by June 23, 2026, the SPAC will redeem all public shares and then liquidate.
Range Capital Acquisition Corp. is asking shareholders to approve an amendment to its Articles to extend the deadline to complete an initial business combination from June 23, 2026 to December 23, 2026. If approved, public shareholders may elect to redeem their Public Shares for cash pro rata from the Trust Account; the record date was set as April 27, 2026 and 16,037,500 ordinary shares were outstanding as of the record date.
The proxy explains redemption mechanics, a redemption election deadline of June 17, 2026 at 5:00 P.M. Eastern, potential withdrawal of a Withdrawal Amount from the Trust Account, and the risk that remaining Trust Account funds may be insufficient to complete a business combination. The board unanimously recommends FOR approval.
Range Capital Acquisition Corp. entered into an unsecured promissory note of up to $1,500,000 with Range Capital Holdings, LLC, an affiliate of its sponsor, to provide working capital prior to completing its initial business combination.
The note bears no interest and becomes payable when the company closes its first business combination. At that time, the lender may convert some or all of the outstanding principal into Working Capital Units at $10.00 per unit, with terms matching the private placement units sold in the IPO. The instrument includes customary events of default and was issued under the Section 4(a)(2) private offering exemption.
Range Capital Acquisition Corp. filed its annual report outlining its status as a recently formed blank check company. The Cayman Islands SPAC completed its IPO in late 2024, selling 11,500,000 public units and placing $115,575,000 (about $10.05 per public share) into a U.S. Treasury–backed trust account.
The company has no revenues and is focused on finding a business to merge with in sectors such as energy, nuclear, defense technology, specialty finance and women’s health. It has 16,037,500 ordinary shares outstanding as of March 20, 2026 and must complete a business combination within 18 months of the IPO or return trust funds to public shareholders.
The report highlights redemption mechanics, voting thresholds and potential conflicts from overlapping obligations with a second SPAC, Range Capital Acquisition Corp II. The auditor included a going concern explanatory paragraph because current capital does not fund operations for a full year without a successful deal.
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.