other material
confidence high
sentiment neutral
materiality 0.50
Range Capital Acquisition Corp. closes $100M IPO and $4M private placement; trust funded with $100.5M
Range Capital Acquisition Corp.
- IPO of 10,000,000 units at $10.00/unit, gross proceeds of $100,000,000.
- Private placement of 400,000 units at $10.00/unit, gross proceeds of $4,000,000.
- Net proceeds of $100,500,000 placed in trust account for public shareholders.
- Company has 18 months from closing to complete an initial business combination.
- Audited balance sheet as of December 23, 2024 filed; cash outside trust $1,334,573.