Range Capital Acquisition entered into a non-interest-bearing unsecured promissory note of up to $540,000 with its sponsor to fund monthly contributions supporting its extension timeline. The note will finance up to $60,000 per month deposited into the SPAC's trust account, with $60,000 drawn on June 22, 2026. The principal is payable upon the earlier of completing a business combination or the company's winding up, and if no deal closes, repayment will come only from funds outside the trust. The note includes customary default provisions.
Agreement details:
- Agreement type: Unsecured non-interest-bearing promissory note up to $540,000
- Counterparty: Range Capital Acquisition Sponsor
- Signed / Effective: Jun 18 2026 / same
- Duration / Termination: Until business combination or winding up
- Reason: Fund monthly trust contributions for extension
Original SEC Filing:
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