other material
confidence high
sentiment neutral
materiality 0.25
Range Capital draws $60K from sponsor note; $240K outstanding on funding
Range Capital Acquisition Corp.
- On Sept 22, 2026, drew $60,000 from unsecured promissory note with sponsor Range Capital Acquisition Sponsor LLC.
- Proceeds deposited into IPO trust account; aggregate $240,000 now outstanding under the $540,000 note.
- Note bears no interest; payable upon initial business combination or winding up, repaid only from non-trust funds if no deal.
- Funding supports previously announced monthly contributions of up to $60,000 to extend SPAC timeline.