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.