Range Capital Acquisition entered into an unsecured promissory note of up to $1.5 million with affiliate Range Capital Holdings to fund working capital while pursuing its initial business combination. The note bears no interest, is drawable from time to time, and becomes due at the closing of the business combination. At that time, the lender may convert any or all principal into units at $10 per unit, with terms matching the company's IPO private placement units. The arrangement is intended to enhance liquidity and flexibility during the deal process.
Agreement details:
- Agreement type: Unsecured no-interest promissory note with drawdowns, convertible into units
- Counterparty: Range Capital Holdings
- Signed / Effective: Apr 14 2026 / same
- Duration / Termination: Until initial business combination closing
- Reason: Provide working capital ahead of business combination
Original SEC Filing:
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