COLD
SPRING HARBOR, N.Y., Dec. 23,
2024 /PRNewswire/ -- Range Capital Acquisition Corp.
(the "Company") announced today the closing of its initial public
offering of 10,000,000 units. The offering was priced at
$10.00 per unit, generating total
gross proceeds of $100,000,000.
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.
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, New York,
New York 10017, Attention: Syndicate Department, by
telephone at 212-661-0200.
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
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 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