Range Capital Modifies SPAC Extension to 27 Months; Sponsor to Fund Monthly

Range Capital Acquisition Corp. has modified the terms of its proposed extension to consummate an initial business combination. The company now seeks to extend the deadline from 18 months to up to 27 months from its IPO, allowing for monthly extensions up to nine times. The sponsor will deposit $0.03 per public share, up to $60,000, for each one-month extension into the Trust Account. Additionally, the liquidation and dissolution expenses deductible from the Trust Account interest will be reduced from $100,000 to $20,000.