other
confidence high
sentiment neutral
materiality 0.60
Range Capital extends SPAC deadline to March 2027; Sponsor to fund monthly extensions
Range Capital Acquisition Corp.
- Trust account ~$122.17M as of May 21, 2026; per-share redemption price ~$10.62.
- Extension amendment moves deadline from June 23, 2026 to March 23, 2027 (up to 27 months from IPO).
- Sponsor deposits $0.03 per public share (max $60k) for each one-month extension in exchange for promissory note.
- Liquidation expenses deductible from trust interest reduced from $100k to $20k.
- Extraordinary general meeting scheduled for June 18, 2026 to vote on extension.