Range Capital Acquisition announced an amendment to extend the deadline to complete an initial business combination to up to 27 months from its IPO, with the sponsor funding $0.03 per public share per one-month extension.
Key Highlights:
- The Extension Amendment would move the termination date from June 23, 2026 to up to March 23, 2027, subject to board discretion.
- For each one-month extension (up to nine months), the sponsor will deposit $0.03 per public share into the trust, capped at $60,000 per month.
- The sponsor's deposits are in exchange for non‑interest bearing, unsecured promissory notes payable upon consummation of a business combination.
- The Trust Account deduction for liquidation and dissolution expenses is reduced from $100,000 to $20,000; anticipated redemption price ~ $10.62/share based on May 21, 2026 balances.
Original SEC Filing:
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