Range Capital Acquisition Corp. draws $60,000 from sponsor note for trust account
Range Capital Acquisition Corp. disclosed that on October 21, 2026, it drew down $60,000 from an unsecured, non-interest-bearing promissory note issued to its sponsor and deposited the funds into its trust account, leaving $300,000 outstanding under the note. The filing describes a routine funding step under a note the company previously reported, with repayment due only at the earlier of a business combination or the effective date of winding up.
Key points
- Drawdown of $60,000 on October 21, 2026, deposited into the Trust Account
- Aggregate outstanding balance under the Note is $300,000
- Note totals up to $540,000 and was issued June 18, 2026 to Range Capital Acquisition Sponsor, LLC
- If no initial business combination is completed, the Note is repaid only from assets outside the Trust Account, if any
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.