other material
confidence high
sentiment neutral
materiality 0.50
Range Capital Acquisition Corp. closes over-allotment, raising $15M; private placement adds $375k
Range Capital Acquisition Corp.
- Underwriters exercised over-allotment in full for 1,500,000 additional units at $10/unit, gross $15M.
- Simultaneously, private placement of 37,500 units at $10/unit to sponsor and EarlyBirdCapital for $375k.
- Total IPO units issued: 11,500,000 at $115M aggregate offering price.
- Trust proceeds now approximately $115.375M (IPO + private placement).
- Over-allotment closed on January 3, 2025; press release issued same day.