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

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 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 Range Capital Acquisition’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Range Capital Acquisition Stock Performance

RANGU opened at $10.70 on Friday. The firm’s 50-day moving average price is $10.32. Range Capital Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $11.05.

Hedge Funds Weigh In On Range Capital Acquisition

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

Range Capital Acquisition Company Profile

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”.