Range Capital Acquisition Corp. resolves share forfeiture risk
Ticker: RANGU · Form: 10-Q · Filed: Aug 14, 2025 · CIK: 2035644
Sentiment: neutral
Topics: spac, over-allotment, shareholder-value
TL;DR
Range Capital Acquisition Corp. over-allotment option fully exercised Jan 3, 2025 - no shares forfeited.
AI Summary
Range Capital Acquisition Corp. filed its 10-Q for the period ending June 30, 2025. The company reported that on January 3, 2025, underwriters fully exercised their over-allotment option, meaning no ordinary shares are subject to forfeiture related to this option. This action resolves potential dilution for shareholders.
Why It Matters
The full exercise of the over-allotment option by underwriters on January 3, 2025, eliminates the risk of forfeiture for up to 500,000 ordinary shares, providing clarity and stability for existing shareholders.
Risk Assessment
Risk Level: low — The risk of forfeiture related to the over-allotment option has been eliminated by its full exercise.
Key Numbers
- 500,000 — Ordinary Shares (Maximum shares subject to forfeiture related to over-allotment option, now resolved.)
Key Players & Entities
- Range Capital Acquisition Corp. (company) — Filer of the 10-Q
- January 3, 2025 (date) — Date underwriters fully exercised over-allotment option
- 500,000 ordinary shares (dollar_amount) — Maximum number of shares subject to forfeiture
FAQ
What was the outcome of the underwriters' over-allotment option for Range Capital Acquisition Corp.?
The underwriters fully exercised their over-allotment option on January 3, 2025.
How many ordinary shares were potentially subject to forfeiture?
Up to 500,000 ordinary shares were subject to forfeiture if the over-allotment was not exercised in full.
Did the forfeiture risk materialize for Range Capital Acquisition Corp.?
No, the forfeiture risk did not materialize because the underwriters fully exercised their over-allotment option.
When did the over-allotment option exercise occur?
The over-allotment option was fully exercised on January 3, 2025.
What is the reporting period for this 10-Q filing?
The 10-Q filing covers the period ending June 30, 2025.
Filing Stats: 4,602 words · 18 min read · ~15 pages · Grade level 18.4 · Accepted 2025-08-14 16:54:33
Key Financial Figures
- $0.0001 — Market LLC Ordinary shares, par value $0.0001 per share Rights, each Right to acquire
Filing Documents
- d121646d10q.htm (10-Q) — 477KB
- d121646dex101.htm (EX-10.1) — 53KB
- d121646dex311.htm (EX-31.1) — 10KB
- d121646dex312.htm (EX-31.2) — 11KB
- d121646dex321.htm (EX-32.1) — 4KB
- d121646dex322.htm (EX-32.2) — 4KB
- 0001193125-25-180886.txt ( ) — 3520KB
- rangu-20250630.xsd (EX-101.SCH) — 740KB
- d121646d10q_htm.xml (XML) — 389KB
Financial Information
Part I. Financial Information 1
Financial Statements
Item 1. Financial Statements 1 Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 1 Condensed Statements of Operations for the Three and Six Months ended June 30, 2025 (Unaudited) 2 Condensed Statement of Changes in Shareholders' Equity for the Three and Six Months Ended June 30, 2025 (Unaudited) 3 Condensed Statement of Cash Flows for the Six Months Ended June 30, 2025 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 17
Quantitative and Qualitative Disclosures Regarding Market Risk
Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk 20
Controls and Procedures
Item 4. Controls and Procedures 20
Other Information
Part II. Other Information 21
Legal Proceedings
Item 1. Legal Proceedings 21
Risk Factors
Item 1A. Risk Factors 21
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 22
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 22
Other Information
Item 5. Other Information 22
Exhibits
Item 6. Exhibits 23
Signatures
Part III. Signatures 24
- FINAN CI
PART I - FINAN CI AL INFORMATION Item1. Financial Statements. RANGE CAPITAL ACQUISITION CORP. CONDENSED BALANCE SHEETS June 30, 2025 (Unaudited) December 31, 2024 Assets Current assets Cash $ 529,232 $ 881,853 Prepaid expenses 151,394 128,720 Total Current assets 680,626 1,010,573 Long-term prepaid insurance 48,604 100,054 Investments held in Trust Account 118,100,492 100,596,478 Total Assets $ 118,829,722 $ 101,707,105 Liabilities, Ordinary Shares Subject to Possible Redemption, and Shareholders' Equity Current liabilities Accrued offering costs $ 75,000 $ 75,000 Accounts payable and accrued expenses 122,209 41,117 Over-allotment option liability — 147,970 Total Liabilities 197,209 264,087 Commitments And Contingencies (Note 6) Ordinary shares subject to possible redemption, 11,500,000 and 10,000,000 shares at redemption value of approximately $ 10.27 and $ 10.06 per share as of June 30, 2025 and December 31, 2024, respectively 118,100,492 100,596,478 Shareholders' Equity Preference shares, $ 0.0001 par value; 100,000,000 shares authorized; none issued and outstanding — — Ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; 4,537,500 and 4,500,000 issued and outstanding (excluding 11,500,000 and 10,000,000 subject to possible redemption) as of June 30, 2025 and December 31, 2024, respectively (1)(2) 454 450 Additional paid-in capital — 885,564 Retained Earnings (Accumulated deficit) 531,567 ( 39,474 ) Total Shareholders' Equity 532,021 846,540 Total Liabilities, Ordinary Shares Subject to Possible Redemption, and Shareholders' Equity $ 118,829,722 $ 101,707,105 (1) December 31, 2024 includes an aggregate of up to 500,000 ordinary shares subject to forfeiture if the over-allotment was not exercised in full or in part by the underwriters (See Notes 5 and 7). (2) On January 3, 2025, the underwriters fully exercised their over-allotment option