Range Capital Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering
Range Capital Acquisition Corp. has announced the pricing of its $100 million initial public offering, consisting of 10,000,000 units at $10.00 per unit. Trading is set to begin on December 20, 2024, on the Nasdaq Global Market under the symbol RANGU.
Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share upon completing an initial business combination. The ordinary shares and rights will later trade separately under symbols RANG and RANGR. EarlyBirdCapital, Inc. is the sole book-running manager and has a 45-day option to purchase up to 1.5 million additional units. The offering is expected to close around December 23, 2024.
Range Capital Acquisition Corp. ha annunciato il prezzo della sua offerta pubblica iniziale di 100 milioni di dollari, che consiste in 10.000.000 di unit脿 a 10,00 dollari per unit脿. Le contrattazioni inizieranno il 20 dicembre 2024, sul Nasdaq Global Market con il simbolo RANGU.
Ogni unit脿 comprende una azione ordinaria e un diritto di ricevere un decimo di azione ordinaria al completamento di una combinazione aziendale iniziale. Le azioni ordinarie e i diritti verranno successivamente scambiati separatamente con i simboli RANG e RANGR. EarlyBirdCapital, Inc. 猫 il solo book-running manager e ha un'opzione di 45 giorni per acquistare fino a 1,5 milioni di unit脿 aggiuntive. Si prevede che l'offerta si chiuda intorno al 23 dicembre 2024.
Range Capital Acquisition Corp. ha anunciado el precio de su oferta p煤blica inicial de 100 millones de d贸lares, que consiste en 10,000,000 de unidades a 10.00 d贸lares por unidad. Las operaciones comenzar谩n el 20 de diciembre de 2024 en el Nasdaq Global Market bajo el s铆mbolo RANGU.
Cada unidad incluye una acci贸n ordinaria y un derecho a recibir una d茅cima de una acci贸n ordinaria al completar una combinaci贸n de negocios inicial. Las acciones ordinarias y los derechos se negociar谩n posteriormente por separado bajo los s铆mbolos RANG y RANGR. EarlyBirdCapital, Inc. es el 煤nico gerente de libro y tiene una opci贸n de 45 d铆as para comprar hasta 1.5 millones de unidades adicionales. Se espera que la oferta cierre alrededor del 23 de diciembre de 2024.
Range Capital Acquisition Corp.臧 1鞏 雼煬 攴滊鞚 斓滌磮 瓿店皽 氇 臧瓴╈潉 氚滍憸頄堨姷雼堧嫟. 鞚措姅 1雼渼雼 10.00雼煬, 齑 10,000,000 雼渼搿 甑劚霅╇媹雼. 瓯半灅電 2024雲 12鞗 20鞚检棎 RANGU霛茧姅 鞁臣搿 雮橃姢雼 旮搿滊矊 毵堨紦鞐愳劀 鞁滌瀾霅 鞓堨爼鞛呺媹雼.
臧 雼渼電 頃橂倶鞚 氤错喌欤检檧 齑堦赴 靷梾 瓴绊暕 鞕勲 鞁 氤错喌欤检潣 1/10鞚 氚涭潉 甓岆Μ毳 韽暔頃╇媹雼. 氤错喌欤检檧 甓岆Μ電 雮橃鞐 RANG 氚 RANGR 鞁臣搿 氤勲弰搿 瓯半灅霅╇媹雼. EarlyBirdCapital Inc.電 雼弲 攵 歆侅爲 甏毽瀽搿滌劀 45鞚 雮 150毵 臧滌潣 於旉皜 雼渼毳 甑Г頃 靾 鞛堧姅 鞓奠厴鞚 臧歆瓿 鞛堨姷雼堧嫟. 鞚 瓿惦電 2024雲 12鞗 23鞚 瓴届棎 毵堦皭霅 瓴冹溂搿 鞓堨儊霅╇媹雼.
Range Capital Acquisition Corp. a annonc茅 le prix de son introduit en bourse de 100 millions de dollars, compos茅 de 10 000 000 d'unit茅s 脿 10,00 dollars par unit茅. Les 茅changes devraient commencer le 20 d茅cembre 2024 sur le Nasdaq Global Market sous le symbole RANGU.
Chaque unit茅 comprend une action ordinaire et un droit de recevoir un dixi猫me d'une action ordinaire lors de la r茅alisation d'une combinaison commerciale initiale. Les actions ordinaires et les droits seront ensuite 茅chang茅s s茅par茅ment sous les symboles RANG et RANGR. EarlyBirdCapital, Inc. est le seul gestionnaire de livre et dispose d'une option de 45 jours pour acheter jusqu'脿 1,5 million d'unit茅s suppl茅mentaires. L'offre devrait cl么turer aux alentours du 23 d茅cembre 2024.
Range Capital Acquisition Corp. hat die Preisgestaltung f眉r ihr 枚ffentliche Angebot in H枚he von 100 Millionen Dollar bekannt gegeben, das aus 10.000.000 Einheiten zu 10,00 Dollar pro Einheit besteht. Der Handel soll am 20. Dezember 2024 an der Nasdaq Global Market unter dem Symbol RANGU beginnen.
Jede Einheit umfasst eine Stammaktie und ein Recht auf den Erhalt eines Zehntels einer Stammaktie nach Abschluss einer ersten Unternehmenszusammenlegung. Die Stammaktien und Rechte werden sp盲ter separat unter den Symbolen RANG und RANGR gehandelt. EarlyBirdCapital, Inc. ist der alleinige Book-Running-Manager und hat eine 45-t盲gige Option, bis zu 1,5 Millionen zus盲tzliche Einheiten zu erwerben. Das Angebot wird voraussichtlich am 23. Dezember 2024 abgeschlossen.
- Successfully priced $100 million IPO
- Secured listing on Nasdaq Global Market
- 45-day over-allotment option for additional 1.5M units
- No specific business combination target identified yet
- SPAC structure carries inherent uncertainty for investors
Insights
The launch of Range Capital Acquisition Corp's
The structure includes EarlyBirdCapital as the sole book-runner and a
For investors, this SPAC enters the market during a period of increased scrutiny and regulatory oversight of blank-check companies. The successful pricing suggests there's still institutional appetite for well-structured SPACs, though the real test will be their ability to identify and close a compelling business combination within the typical 18-24 month timeframe.
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
Each unit sold in the offering 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. is serving 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.
The offering is expected to close on or about December 23, 2024, subject to customary closing conditions.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission (the "SEC") on December 19, 2024. The offering is being 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. 聽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 initial public offering and the anticipated use of the proceeds thereof, 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 preliminary 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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