Range Capital Acquisition Corp. Announces $100 Million IPO

Deal News | Dec 20, 2024 | EIN

Range Capital Acquisition Corp. Announces $100 Million IPO

Range Capital Acquisition Corp., a special purpose acquisition company (SPAC), announced the launch of its initial public offering (IPO), priced at $100 million at $10 per unit. The shares will trade on Nasdaq under the symbol 'RANGU', and consist of one ordinary share and one right, translating into equity upon a business merger. Expertly led by Timothy Rotolo, the company seeks mergers or acquisitions across any industry or region. EarlyBirdCapital, Inc. manages the offering with a 45-day option for over-allotment. The registration received SEC approval on December 19, 2024, with expectations of closing by December 23, 2024. The forward-looking statements highlight uncertainties inherent to the IPO process.

Sectors

  • Financial Services
  • Investment Banking

Geography

  • United States – The activities, trades, and regulations are primarily centered in the United States, with Range Capital Acquisition Corp. being based in Cold Spring Harbor, NY.

Industry

  • Financial Services – Relevant due to Range Capital Acquisition Corp. being a special purpose acquisition company (SPAC) involved in capital markets and financial contractual activities.
  • Investment Banking – Involvement of EarlyBirdCapital, Inc. as the book-running manager places the industry in the context of managing IPOs and underwriting.

Financials

  • $100,000,000 – Initial public offering size for Range Capital Acquisition Corp.

Participants

NameRoleTypeDescription
Range Capital Acquisition Corp.TargetCompanyA SPAC aiming at mergers or acquisition targets, led by Timothy Rotolo.
Timothy RotoloChairman, CEO, CFOPersonLeader of Range Capital Acquisition Corp. overseeing strategic financial actions.
EarlyBirdCapital, Inc.Book-running managerCompanyManages the initial public offering of Range Capital Acquisition Corp.
Securities and Exchange CommissionRegulatorGovernmentGovernment body regulating the securities markets, provided approval for the IPO registration.