Range Capital Acquisition Corp.’s (NASDAQ:RANGU) Lock-Up Period Will End on June 18th

Range Capital Acquisition’s (NASDAQ:RANGU) lock-up period is set to end on Wednesday, June 18th. Range Capital Acquisition had issued 10,000,000 shares in its initial public offering on December 20th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Range Capital Acquisition Stock Up 2.9%

RANGU stock opened at $10.70 on Friday. The firm’s 50 day simple moving average is $10.31. Range Capital Acquisition has a 52-week low of $10.00 and a 52-week high of $11.05.

Institutional Investors Weigh In On Range Capital Acquisition

Large investors have recently made changes to their positions in the company. Warberg Asset Management LLC bought a new position in shares of Range Capital Acquisition during the 4th quarter valued at approximately $196,000. Schonfeld Strategic Advisors LLC purchased a new stake in Range Capital Acquisition during the 4th quarter valued at $422,000. Heights Capital Management Inc. purchased a new stake in Range Capital Acquisition during the 4th quarter valued at $502,000. Centiva Capital LP purchased a new stake in Range Capital Acquisition during the 4th quarter valued at $703,000. Finally, Mint Tower Capital Management B.V. purchased a new stake in Range Capital Acquisition in the fourth quarter worth $854,000.

About Range Capital Acquisition

We are a blank check company incorporated on July 24, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”.