Form 4: Range Capital Acquisition Sponsor Acquires Additional Units in Private Placement

Range Capital Acquisition Sponsor, LLC acquired 28,125 units in a private placement following the exercise of the underwriter's over-allotment option.

Summary

• On January 3, 2025, Range Capital Acquisition Sponsor, LLC acquired 28,125 units in a private placement.
• The purchase price was $10.00 per unit, totaling $281,250.
• Each unit consists of one ordinary share and one right to receive one-tenth of an ordinary share upon completion of an initial business combination.
• The acquisition occurred simultaneously with the closing of the underwriter's over-allotment option exercise on December 31, 2024.
• The Sponsor directly holds the securities, with Tim Rotolo, as manager, having indirect beneficial ownership.

Sentiment

Score: 7

Explanation: The document indicates a routine transaction related to the SPAC's structure, suggesting a neutral to slightly positive sentiment due to continued investment by the sponsor.

Positives

• The acquisition demonstrates continued investment and confidence in Range Capital Acquisition Corp. by its sponsor.

Management Comments

• Tim Rotolo disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

Industry Context

This type of private placement is common for SPAC sponsors to align interests and provide additional capital.

Related Party Transactions

• Range Capital Acquisition Sponsor, LLC, a related party, acquired units in a private placement.

Stakeholder Impact

• The acquisition could positively impact shareholders by demonstrating the sponsor's commitment to the company's success.

Key Dates