Mon, Mar 31, 10:06 AM (26 days ago)
**Summary of Financial Performance:** - **Revenue:** $0, as the company has not commenced operations and does not expect to generate revenue until after the completion of its initial business combination. - **Net Income:** -$39,474 for the year ended December 31, 2024, primarily due to formation and operating costs. - **Operating Expenses:** $146,618 for the year ended December 31, 2024, consisting of formation and operating costs. - **Earnings per Share:** -$0.01 for the year ended December 31, 2024, calculated based on the net loss and the weighted average number of ordinary shares outstanding. **Strategic Overview:** - **Business Model:** Range Capital Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. - **Target Industries:** The company seeks to capitalize on the strengths of a generalist outlook, entrepreneurial experience, and long-term value orientation to navigate dynamic markets. It prioritizes early entry into niche markets that are overlooked or out-of-favor. - **Management Team:** Led by Tim Rotolo, the company's management team has experience in investment, deal-sourcing, and various ventures across multiple sectors. **Future Outlook:** - **Initial Business Combination:** The company has until June 23, 2026, to consummate an initial business combination. If it fails to do so, it will trigger an automatic winding up, dissolution, and liquidation. - **Financial Condition:** As of December 31, 2024, the company had $881,853 in cash and $100,596,478 in investments held in the Trust Account. The company expects to use substantially all of the funds held in the Trust Account to complete its initial business combination. - **Market Position Changes:** The company's units, ordinary shares, and rights began trading on the Nasdaq Global Market. The company expects to maintain its listing on Nasdaq and comply with the required financial, distribution, and share price levels. **Risk Factors:** - **Market Risks:** The company faces risks related to the global geopolitical conditions, including the ongoing Russia-Ukraine conflict and the Israel-Hamas conflict, which could adversely affect its search for an initial business combination. - **Financial Risks:** The company's ability to complete its initial business combination within the prescribed time frame may be limited by its available financial resources and the competition from other entities. - **Operational Risks:** The company's success will depend on the acceptance of its products and services in the target markets and its ability to adapt to rapidly changing technology, evolving industry standards, changing regulations, and customer needs. **Note:** The amounts are usually in thousands, 000s.