The IPO Buzz: SPAC IPO Range Capital Acquisition (RANGU) Raises $100 Million
EarlyBirdCapital acted as the sole book-runner.
Range Capital Acquisition, based in Cold Spring Harbor, New York, intends to focus on acquisition or business combination targets in the American market with $500 million or more of enterprise value, low leverage, and owners interested in growth capital who are willing to roll over significant equity, the prospectus said.
Tim Rotolo, the chairman, CEO and CFO of Range Capital Acquisition, is the CEO and founder of Range Fund Holdings, an investment platform for ETF asset managers. Range Capital Acquisition’s management “will look for sectors that are capital constrained, overlooked or out of favor,” including energy, nuclear energy, defense tech, specialty finance and women’s health, the prospectus said.
Source: https://www.iposcoop.com/the-ipo-buzz-spac-ipo-range-capital-acquisition-rangu-raises-100-million/
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