Initial Public Offering - The Company completed its Initial Public Offering on October 6, 2025, raising gross proceeds of $230,000,000 from the sale of 23,000,000 Units at $10.00 per Unit[109]. - The Company incurred transaction costs of $13,232,284 related to the Initial Public Offering, including $4,600,000 in cash underwriting fees and $8,050,000 in deferred underwriting fees[117]. - The underwriters are entitled to a deferred underwriting discount of $8,050,000, payable only upon the completion of an initial Business Combination[125]. Financial Position - As of September 30, 2025, the Company reported a net loss of $49,800 since inception, primarily due to formation and administrative costs[114]. - The Company has no long-term debt or off-balance sheet arrangements as of September 30, 2025[123]. - The Company has placed $230,000,000 of net proceeds from the Offering and Private Placement into a Trust Account for the benefit of public shareholders[111]. Business Strategy - The Company intends to use substantially all funds in the Trust Account to complete its Business Combination and for working capital of the target business[119]. - The Company plans to use funds held outside the Trust Account for identifying and evaluating target businesses and conducting due diligence[120]. Revenue Generation - The Company has not generated any revenues to date and does not expect to do so until after completing a Business Combination[112]. Operational Costs - The Company has a monthly obligation of $20,000 for office space and administrative support, which will cease upon the completion of the initial Business Combination[124].
Range Capital Acquisition(RNGTU) - 2025 Q3 - Quarterly Report