Quarterly ResultMay 13, 2026, 04:37 PM
Range Capital Q1 Net Income $857K; Going Concern Warning
AI Summary
Range Capital Acquisition Corp. reported a net income of $857,705 for the three months ended March 31, 2026, a decrease from $905,990 in the prior year period. The company's cash balance significantly decreased to $4,392, while investments in the Trust Account increased to $121.6 million. Management has raised substantial doubt about the company's ability to continue as a going concern due to the approaching deadline of June 23, 2026, to complete a business combination.
Key Highlights
- Net income for the three months ended March 31, 2026, was $857,705, down from $905,990 in the prior year.
- Cash balance as of March 31, 2026, significantly decreased to $4,392 from $313,322 at December 31, 2025.
- Investments held in the Trust Account increased to $121,580,626 as of March 31, 2026.
- Total assets were $121,733,695 as of March 31, 2026, compared to $120,927,257 at December 31, 2025.
- Total liabilities decreased to $155,355 as of March 31, 2026, from $206,622 at December 31, 2025.
- Shareholders' (Deficit) Equity was $(2,286) as of March 31, 2026, a decrease from $210,695.
- Basic and diluted net income per redeemable ordinary share was $0.05 for Q1 2026, down from $0.06 in Q1 2025.
- The company faces a deadline of June 23, 2026, to consummate an initial Business Combination.