Range Capital Acquisition Corp. Issues Sponsor Promissory Note, Funds Trust

What Happened Range Capital Acquisition Corp. announced that on June 18, 2026 it issued an unsecured promissory note (to Range Capital Acquisition Sponsor, LLC) with a principal amount of up to $540,000 to support sponsor contributions of up to $60,000 per month into the company’s IPO trust account. The Note is interest-free and is payable on the earlier of (i) the closing of the company’s initial business combination or (ii) the effective date of the company’s winding up. If the company does not complete a business combination, repayment of the Note will be made only from amounts remaining outside the trust account. On September 22, 2026, $60,000 was drawn and deposited into the trust account, bringing the total outstanding under the Note to $240,000. The Note is unsecured, subject to customary events of default, and was issued under the Section 4(a)(2) exemption from registration.

Key Details

• Note principal: up to $540,000; intended to fund sponsor contributions of up to $60,000 per month.
• Interest: none; repayment due upon consummation of an initial business combination or winding up.
• Repayment if no deal: only from amounts remaining outside the trust account (limited recovery).
• Recent activity: $60,000 drawn on Sept 22, 2026; $240,000 outstanding under the Note.

Why It Matters This filing shows the sponsor is providing short-term funding to support the trust account and the company’s operations ahead of an initial business combination. Because the Note is unsecured, interest-free, and repayable only under limited circumstances if no deal occurs, investors should note the sponsor bears much of the downside if the company fails to complete a transaction; conversely, outstanding sponsor loans represent a claim on company resources outside the trust account. Investors may want to monitor future drawdowns, total sponsor funding, and any related-party arrangements that could affect the company’s cash position or incentives to complete a business combination.