Range Capital Acquisition Corp., a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial performance and operational activities for the period ending September 30, 2025.
Financial Highlights
Net Income:
- $1.08 million for the three months ended September 30, 2025, driven by interest earned on marketable securities held in the Trust Account of $1.24 million, partially offset by operational costs.
- $3.02 million for the nine months ended September 30, 2025, primarily due to interest earned on marketable securities held in the Trust Account of $3.67 million, offset by operational costs and a change in over-allotment liability.
- $(27,788) for the period from July 24, 2024 (inception) through September 30, 2024, consisting of formation and operating costs.
Basic and Diluted Net Income Per Share:
- $0.07 per redeemable ordinary share for the three months ended September 30, 2025.
- $0.19 per redeemable ordinary share for the nine months ended September 30, 2025.
- $0.07 per non-redeemable ordinary share for the three months ended September 30, 2025.
- $0.19 per non-redeemable ordinary share for the nine months ended September 30, 2025.
- $(0.01) per non-redeemable ordinary share for the period from July 24, 2024 (inception) through September 30, 2024.
Business Highlights
Business Overview: Range Capital Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company has not yet commenced operations and is focused on identifying a target for a business combination.
Initial Public Offering: The company completed its Initial Public Offering on December 23, 2024, raising $100 million through the sale of 10,000,000 units. An additional $15 million was raised through the exercise of the over-allotment option, bringing the total funds raised to $115.575 million, which are held in a trust account.
Operational Activities: Since inception, the company's activities have been limited to organizational efforts, preparing for the Initial Public Offering, and identifying potential targets for a business combination. No operating revenues have been generated to date.
Trust Account Management: The funds from the Initial Public Offering and private placements are held in a trust account, invested in U.S. government securities or money market funds, and will be used to complete a business combination.
Management Changes: On August 11, 2025, Al Kucharchuk was appointed as the Chief Financial Officer, replacing Tim Rotolo. This change is part of the company's ongoing efforts to strengthen its management team as it seeks a suitable business combination.
Future Outlook: The company has until June 23, 2026, to complete a business combination. Management is actively seeking opportunities and believes that the expertise and network of its management team will enable it to identify and execute a successful business combination.
SEC Filing: