Business Context and Reporting Period
Company: Range Capital Acquisition Corp. (RANG)
Filing Type: Form 8-K (Current Report)
Reporting Date: August 21, 2026
Event: The Company reported a drawdown on an unsecured promissory note issued to its sponsor, Range Capital Acquisition Sponsor, LLC, to fund contributions to its Trust Account.
Key Financial Metrics
Note Principal Amount: Up to $540,000
Amount Drawn on August 21, 2026: $60,000
Total Outstanding Balance: $180,000
Interest Rate: 0% (Non-interest bearing)
Revenue, Profit, Cash Flow, Margins, Debt (General), Liquidity: The filing text does not provide a clear value for these metrics as this is a current report regarding a specific transaction, not a periodic financial statement.
Material Changes
- Trust Account Funding: $60,000 was deposited into the Trust Account on August 21, 2026, consistent with the previously announced monthly contribution schedule.
- Debt Obligation: The outstanding balance of the promissory note increased to $180,000.
Guidance, Outlook, and Risks
Repayment Terms: The Note is payable on the earlier of the consummation of the Company's initial business combination or the effective date of the Company's winding up.
Contingency: If the Company does not consummate an initial business combination, the Note will be repaid only from amounts remaining outside of the Trust Account, if any.
Risks: The Note is subject to customary events of default, the occurrence of which triggers immediate due and payable status of the unpaid principal balance.
Regulatory Status: The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933.
Investor Verification Checklist
- Verify the total amount currently held in the Trust Account following the $60,000 deposit.
- Confirm the remaining availability under the $540,000 promissory note facility.
- Review the Company's progress toward consummating an initial business combination to assess the repayment timeline.
- Check for any subsequent filings regarding events of default or changes to the note terms.