Range Capital Acquisition Corp. filed its Form 10-Q for the quarter ended September 30, 2026, with the SEC on November 13, 2026, reporting sharply reduced assets in its Trust Account following substantial shareholder redemptions.

Key Highlights

  • Trust Account balance: Investments held in Trust fell to $23,537,623 as of September 30, 2026, from $120,509,940 at December 31, 2025.
  • Redemptions: Redeemable shares outstanding declined to 2,160,471 at September 30, 2026, from 11,500,000 at December 31, 2025, with $99,492,433 withdrawn from the Trust Account in connection with redemptions during the nine months ended September 30, 2026.
  • Redemption value per share: Approximately $10.89 per share as of September 30, 2026, compared with approximately $10.48 at December 31, 2025.
  • Net income: The company reported net income of $39,294 for the three months ended September 30, 2026, and $1,618,690 for the nine months ended September 30, 2026.
  • Shareholders' deficit: Total shareholders' equity turned to a deficit of $(690,731) at September 30, 2026, from positive equity of $210,695 at December 31, 2025.
  • Related-party promissory note: A promissory note payable to a related party of $470,000 appeared on the balance sheet as of September 30, 2026, with no such balance at December 31, 2025.
  • Cash on hand: Cash decreased to $37 as of September 30, 2026, from $313,322 at December 31, 2025.

Range Capital's Financials After Large-Scale Shareholder Redemptions

According to the filing, Range Capital Acquisition Corp. (NASDAQ:RANG) experienced a substantial reduction in its Trust Account during the nine months ended September 30, 2026, primarily driven by shareholder redemptions. The Trust Account, which held $120,509,940 at December 31, 2025, stood at $23,537,623 at September 30, 2026. The filing disclosed that $99,492,433 was withdrawn from the Trust Account in connection with redemptions during the nine-month period. The number of ordinary shares subject to possible redemption fell from 11,500,000 to 2,160,471 over the same interval.

The company reported formation and operational costs of $175,109 for the three months ended September 30, 2026, and $661,426 for the nine months ended September 30, 2026, according to the condensed statements of operations. Interest earned on investments held in the Trust Account was $214,403 for the three-month period and $2,280,116 for the nine-month period. Net income per redeemable and non-redeemable ordinary share was $0.01 (basic and diluted) for the three months ended September 30, 2026.

The filing also disclosed that total shareholders' equity shifted to a deficit of $(690,731) at September 30, 2026, reflecting recurring accretion charges for redeemable ordinary shares to their redemption amount. A related-party promissory note of $470,000 was recorded as a current liability, absent from the prior year-end balance sheet. As of November 10, 2026, there were 6,697,971 ordinary shares, $0.0001 par value, issued and outstanding, according to the cover page of the filing. The company identified itself as a shell company, smaller reporting company, and emerging growth company.

What Was Disclosed

Range Capital Acquisition Corp. filed its quarterly report covering the period ended September 30, 2026, disclosing a significant decline in Trust Account assets due to shareholder redemptions, a related-party promissory note of $470,000, a shareholders' deficit of $(690,731), and net income of $39,294 for the quarter.