K2 Principal Fund L.P. bought a new position in shares of Range Capital Acquisition Corp. (NASDAQ:RANG – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 118,150 shares of the company’s stock, valued at approximately $1,231,000. K2 Principal Fund L.P. owned about 0.84% of Range Capital Acquisition as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Harraden Circle Investments LLC bought a new stake in shares of Range Capital Acquisition during the fourth quarter worth $3,320,000. Karpus Management Inc. lifted its holdings in shares of Range Capital Acquisition by 24.6% during the second quarter. Karpus Management Inc. now owns 294,860 shares of the company’s stock worth $3,008,000 after purchasing an additional 58,171 shares during the period. Whitebox Advisors LLC bought a new stake in shares of Range Capital Acquisition in the second quarter worth $2,550,000. Shaolin Capital Management LLC bought a new stake in shares of Range Capital Acquisition in the third quarter worth $1,029,000. Finally, Moore Capital Management LP bought a new stake in shares of Range Capital Acquisition in the second quarter worth $925,000.
Range Capital Acquisition Stock Performance
Range Capital Acquisition Corp. has a one year low of $10.19 and a one year high of $11.63. The business has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $10.51.
Range Capital Acquisition Profile
Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.
The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.
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