Range Capital Acquisition Corp. Announces Closing of $100 Million Initial Public Offering
Range Capital Acquisition Corp. has successfully completed its initial public offering (IPO), raising $100 million through the sale of 10,000,000 units at $10.00 per unit. The units, trading on Nasdaq Global Market under symbol RANGU, consist of one ordinary share and one right to receive one-tenth of an ordinary share upon completing a business combination. The company's ordinary shares and rights will later trade separately under symbols RANG and RANGR. EarlyBirdCapital served as the sole book-running manager and has a 45-day option to purchase up to 1.5 million additional units to cover over-allotments.
Range Capital Acquisition Corp. ha completato con successo la sua offerta pubblica iniziale (IPO), raccogliendo 100 milioni di dollari attraverso la vendita di 10.000.000 di unit脿 a 10,00 dollari per unit脿. Le unit脿, che vengono scambiate sul Nasdaq Global Market con il simbolo RANGU, consistono in un'azione ordinaria e un diritto di ricevere un decimo di un'azione ordinaria al completamento di una fusione aziendale. Le azioni ordinarie della societ脿 e i diritti verranno successivamente scambiati separatamente sotto i simboli RANG e RANGR. EarlyBirdCapital ha svolto il ruolo di unico gestore dell'operazione e ha un'opzione di 45 giorni per acquistare fino a 1,5 milioni di unit脿 aggiuntive per coprire eventuali sovrallocazioni.
Range Capital Acquisition Corp. ha completado con 茅xito su oferta p煤blica inicial (IPO), recaudando 100 millones de d贸lares a trav茅s de la venta de 10.000.000 de unidades a 10,00 d贸lares por unidad. Las unidades, que se negocian en el Nasdaq Global Market bajo el s铆mbolo RANGU, consisten en una acci贸n ordinaria y un derecho a recibir un d茅cimo de una acci贸n ordinaria al completar una combinaci贸n comercial. Las acciones ordinarias de la empresa y los derechos se negociar谩n por separado bajo los s铆mbolos RANG y RANGR. EarlyBirdCapital se desempe帽贸 como el 煤nico gerente de la operaci贸n y tiene una opci贸n de 45 d铆as para comprar hasta 1,5 millones de unidades adicionales para cubrir sobreasignaciones.
Range Capital Acquisition Corp.電� 齑堦赴 瓿惦(IPO)毳� 靹标车鞝侅溂搿� 鞕勲頃橁碃 1鞏� 雼煬毳� 氇笀頃橃榾鞙茧┌, 10,000,000 鞙犽嫑鞚� 鞙犽嫑雼� 10.00 雼煬鞐� 韺愲Г頃橃榾鞀惦媹雼�. 鞚� 鞙犽嫑鞚� RANGU霛茧姅 鞁臣 鞎勲灅鞐愳劀 雮橃姢雼� 旮�搿滊矊 毵堨紦鞐愳劀 瓯半灅霅橂┌, 頃橂倶鞚� 氤错喌欤检檧 靷梾 瓴绊暕鞚� 鞕勲頃� 瓴届毎 氤错喌欤检潣 1/10鞚� 氚涭潉 甓岆Μ搿� 甑劚霅橃柎 鞛堨姷雼堧嫟. 須岇偓鞚� 氤错喌欤检檧 甓岆Μ電� 雮橃鞐� RANG 氚� RANGR霛茧姅 鞁臣 鞎勲灅鞐愳劀 氤勲弰搿� 瓯半灅霅� 瓴冹瀰雼堧嫟. EarlyBirdCapital鞚� 雼弲 欤缄磤靷ゼ 毵§晿鞙茧┌, 瓿茧嫟 氚办爼鞚� 旎る矂頃橁赴 鞙勴暣 於旉皜搿� 斓滊寑 150毵� 鞙犽嫑鞚� 甑Г頃� 靾� 鞛堧姅 45鞚� 鞓奠厴鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
Range Capital Acquisition Corp. a r茅ussi 脿 finaliser son introduction en bourse (IPO), levant 100 millions de dollars gr芒ce 脿 la vente de 10.000.000 d'unit茅s 脿 10,00 dollars par unit茅. Les unit茅s, n茅goci茅es sur le Nasdaq Global Market sous le symbole RANGU, se composent d'une action ordinaire et d'un droit de recevoir un dixi猫me d'une action ordinaire lors de la r茅alisation d'une combinaison d'entreprises. Les actions ordinaires de la soci茅t茅 et les droits seront ensuite n茅goci茅s s茅par茅ment sous les symboles RANG et RANGR. EarlyBirdCapital a agi en tant que seul gestionnaire de l'op茅ration et dispose d'une option de 45 jours pour acheter jusqu'脿 1,5 million d'unit茅s suppl茅mentaires pour couvrir les surallocations.
Range Capital Acquisition Corp. hat erfolgreich seinen B枚rsengang (IPO) abgeschlossen und 100 Millionen Dollar durch den Verkauf von 10.000.000 Einheiten zu einem Preis von 10,00 Dollar pro Einheit gesammelt. Die Einheiten, die an der Nasdaq Global Market unter dem Symbol RANGU gehandelt werden, bestehen aus einer Stammaktie und einem Recht auf Erhalt eines Zehntels einer Stammaktie nach Abschluss einer Unternehmenszusammenlegung. Die Stammaktien des Unternehmens und die Rechte werden sp盲ter unter den Symbolen RANG und RANGR separat gehandelt. EarlyBirdCapital fungierte als alleiniger Bookrunner und hat eine Option von 45 Tagen, um bis zu 1,5 Millionen zus盲tzliche Einheiten zu erwerben, um 脺berzeichnungen abzudecken.
- Successfully raised $100 million through IPO
- Listed on Nasdaq Global Market
- Underwriters granted 45-day over-allotment option for additional 1.5M units
- No specific business combination target identified yet
- Shareholders face uncertainty until acquisition target is identified
Insights
For retail investors, the separate trading of shares (RANG) and rights (RANGR) will provide flexibility in position management, though the real value proposition will depend entirely on the quality of the eventual merger target.
The market dynamics for SPACs have shifted dramatically - redemption rates are at historical highs and successful deal completions have become more challenging. This more modest size could allow Range Capital to target middle-market companies that might be overlooked by larger vehicles, potentially leading to better valuation opportunities. The 45-day over-allotment option of 1.5 million additional units provides flexibility to accommodate additional demand if market conditions prove favorable.
The Company, which is led by Timothy Rotolo, is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.聽
The units are listed and trading on the Nasdaq Global Market under the symbol "RANGU." Each unit consists of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on the Nasdaq Global Market under the symbols "RANG" and "RANGR," respectively.
EarlyBirdCapital, Inc. served as the sole book-running manager of the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on December 19, 2024. The offering was made only by means of a prospectus, copies of which may be obtained by contacting EarlyBirdCapital, Inc. at 366 Madison Avenue, 8th Floor,
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Range Capital Acquisition Corp.
Range Capital Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. The Company is led by Chairman, Chief Executive Officer and Chief Financial Officer Timothy Rotolo. The Company's team brings substantial expertise in deal sourcing, investing, and operations. The Company may pursue a business combination with a target in any industry or geographic region that it believes can benefit from the expertise and capabilities of its management team.
Forward-Looking Statements聽
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the anticipated use of the proceeds of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the registration statement and prospectus for the Company's initial public offering. Copies of these documents can be accessed through the SEC's website at聽www.sec.gov. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Media Contact:
Range Capital Acquisition Corp.
tjr@lloydharborcapital.com
631-246-0340
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SOURCE Range Capital Acquisition Corp
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