Range Capital Acquisition Corp. 8-K

What Happened Range Capital Acquisition Corp. announced that shareholders approved an amendment on June 18, 2026 to extend the deadline to complete a business combination up to 27 months from the IPO closing (IPO closed Dec 23, 2024). The amendment also reduces the liquidation/dissolution expenses deductible from trust interest from $100,000 to $20,000. The company issued an unsecured, non‑interest bearing promissory note to its sponsor, Range Capital Acquisition Sponsor, LLC, for up to $540,000 to fund sponsor contributions of up to $60,000 per month into the Trust Account; $60,000 was drawn and deposited on June 22, 2026. The promissory note is payable on the earlier of consummation of a business combination or the effective winding up; if no business combination occurs, repayment is limited to amounts remaining outside the Trust Account.

Key Details

• Shareholder vote (June 18, 2026): 11,660,851 FOR, 1,974,523 AGAINST, 0 ABSTAIN; 13,635,374 shares (≈85.02% of voting power) were present or by proxy.
• Redemptions: Holders redeemed 9,339,529 ordinary shares for about $10.62/share, totaling ≈ $99,492,433.31; approximately $23,015,134.62 remains in the Trust Account and 2,160,471 ordinary shares remain outstanding.
• Promissory note: Up to $540,000 principal (non‑interest bearing, unsecured) to back monthly sponsor deposits of up to $60,000; $60,000 drawn on June 22, 2026.
• Corporate filing: The Articles were amended and the amendment filed with the Cayman Islands Registrar on June 18, 2026.

Why It Matters The extension gives the SPAC more time to identify and close a business combination, but the large redemptions greatly reduced the public float and the cash remaining in the Trust Account (~$23.0M). Sponsor funding via an unsecured promissory note provides short‑term support for trust deposits, but the note is subordinate to the Trust Account cash and will be repaid only under the conditions described in the filing. Investors should note the much smaller remaining share count and trust balance when assessing future deal prospects and potential dilution or liquidity outcomes.