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Range Capital Acquisition Corp II Announces Closing of $230 Million Initial Public Offering

1. Range Capital Acquisition Corp II closes IPO, raising $230 million. 2. This capital may drive future acquisitions impacting RNGTU.

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$10.0110/06 05:50 PM EDTEvent Start
$10.0110/06 11:19 PM EDTLatest Updated
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FAQ

Why Bullish?

The successful IPO indicates investor confidence and potential for growth, similar to past successful SPACs finding profitable acquisitions that led to price increases.

How important is it?

The capital raised could lead to beneficial acquisitions relevant to RNGTU, enhancing its market positioning and investor interest.

Why Long Term?

The ramifications of the capital raised will unfold as Range Capital makes strategic acquisitions, potentially benefiting RNGTU in the future.

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RNGTSPACCCIVFGCCLII
COLD SPRING HARBOR, N.Y.--(BUSINESS WIRE)--Range Capital Acquisition Corp II (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes the exercise in full by the underwriters of their overallotment option to purchase an additional 3,000,000 units. The offering was priced at $10.00 per unit, generating total gross proceeds of $230,000,000. The Company, which is led by Timothy Rotolo, is a special purpose acquisition company formed for the pur.

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