Range raises $120,000 outstanding on $540,000 sponsor note, $60,000 drawn to trust

Range issued an unsecured promissory note of up to $540,000 to its sponsor; $60,000 was drawn and deposited to the trust, leaving $120,000 outstanding.Key Highlights:Original SEC Filing: Range Capital Acquisition Corp. [ RANG ] - 8-K - Jul. 24, 2026This is an AI-powered summary. It may contain inac…

Range issued an unsecured promissory note of up to $540,000 to its sponsor; $60,000 was drawn and deposited to the trust, leaving $120,000 outstanding.

Key Highlights:

Issued unsecured note up to $540,000 to sponsor to fund monthly contributions of up to $60,000 to the IPO trust account.
Note bears no interest and is payable upon consummation of an initial business combination or company wind-up.
If no business combination occurs, repayment of the note is limited to amounts remaining outside the trust account.
On July 23, 2026, $60,000 was drawn and deposited to the trust; $120,000 in aggregate is outstanding under the note.

Original SEC Filing:

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