NewsMV
A $60,000 draw into the trust account of Range Capital Acquisition Corp. (RANG) on July 23 lifted the aggregate outstanding balance on its sponsor note to $120,000, per an 8-K filed with the SEC the following day.
The Cayman Islands-incorporated blank-check company trades on Nasdaq under RANG for ordinary shares, RANGU for units, and RANGR for rights.
The next confirmable event is consummation of an initial business combination, which would trigger full repayment of the zero-interest note.
The note structure Range Capital's sponsor, Range Capital Acquisition Sponsor, LLC, extended an unsecured promissory note to the company on June 18, 2026, with a maximum principal of $540,000.
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