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Range Capital Acquisition Sponsor draws down $60,000 from promissory note to fund trust account contributions
RANGRange Capital Acquisition Corp.
On October 21, 2026, Range Capital Acquisition Corp.'s sponsor drew down an additional $60,000 from a previously issued unsecured promissory note. This brings the total outstanding balance on the note to $300,000. The funds were deposited into the company's trust account as part of monthly contributions of up to $60,000 by the sponsor or its designees. The note bears no interest and is payable upon the consummation of an initial business combination or the winding up of the company. Range Capital Acquisition Corp. operates in the special purpose acquisition company (SPAC) industry, seeking to identify and merge with a private operating company.