Range Capital Acquisition Corp. reported first-quarter 2026 results as a blank-check company, posting net income of $857705 or diluted EPS of $0.05, driven primarily by interest income on its trust account.
Financial Highlights
- Net income was $857,705 for Q1 2026, versus $905,990 in Q1 2025 ((5.4%)).
- Diluted earnings per share was $0.05 for Q1 2026, versus $0.06 in Q1 2025.
- Interest income on the trust account was $1,070,686 in Q1 2026, down from $1,205,409 in Q1 2025 and was the primary driver of net income.
Business Highlights
- Range Capital Acquisition Corp. is a Cayman Islands blank-check company formed to complete an initial business combination and has no operating revenues.
- The company completed its IPO and over-allotment, placing funds in a trust to pursue acquisitions and cover transaction and due-diligence costs.
- Primary activities in the quarter were IPO preparation, organizational setup and target identification, with ongoing deal sourcing through management's network.
- Substantially all trust funds are reserved for a future business combination and for post-combination working capital for the target's operations.
Original SEC Filing:
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