Range Capital Acquisition Corp. 8-K

What Happened Range Capital Acquisition Corp. announced on April 14, 2026 that it issued an unsecured promissory note in the principal amount of up to $1,500,000 to Range Capital Holdings, LLC, an affiliate of the Company’s sponsor. The Note may be drawn down from time to time prior to the Maturity Date, does not bear interest, and the principal is payable on the date the Company consummates its initial business combination (the “Maturity Date”). At the Maturity Date the payee may elect to convert all or part of the outstanding principal into Working Capital Units at a conversion price of $10.00 per unit (rounded up to the nearest whole unit). The full Note is filed as Exhibit 10.1 to the 8‑K.

Key Details

• Principal amount: up to $1,500,000; Note dated April 14, 2026.
• Interest: none; repayment due on consummation of the Company’s initial business combination (Maturity Date).
• Draws: Company may request draws from the Note prior to the Maturity Date.
• Conversion: Payee may convert outstanding principal into Working Capital Units at $10.00 per unit (rounded up); units would have the same terms and transfer restrictions as the IPO private placement units.
• Other: Note contains customary events of default that can accelerate repayment; issued under Section 4(a)(2) exemption.

Why It Matters This transaction provides the company with flexible, short‑term working capital from a sponsor affiliate without interest expense until an initial business combination occurs. The conversion feature means that, if exercised at closing of a business combination, the outstanding principal could be converted into units on the same terms as the IPO private placement, which would affect the number and ownership of those units issued to the affiliate. Retail investors should note this is a related‑party financing and is recorded as a financial obligation of the company until repaid or converted.