Range Capital Acquisition Corp.’s (NASDAQ:RANGU) Lock-Up Period Set To Expire Tomorrow

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 end of Range Capital Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Range Capital Acquisition Trading Down 2.4%

RANGU stock opened at $10.44 on Tuesday. Range Capital Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $11.05. The stock’s 50 day moving average price is $10.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new stake in shares of Range Capital Acquisition in the 4th quarter worth approximately $2,259,000. Aristeia Capital L.L.C. bought a new position in Range Capital Acquisition in the 4th quarter valued at approximately $4,012,000. Parallax Volatility Advisers L.P. bought a new position in Range Capital Acquisition in the 4th quarter valued at approximately $1,003,000. Polar Asset Management Partners Inc. bought a new position in Range Capital Acquisition in the 4th quarter valued at approximately $9,287,000. Finally, Shaolin Capital Management LLC bought a new position in Range Capital Acquisition in the 4th quarter valued at approximately $1,732,000.

About Range Capital Acquisition

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”.