K2 Principal Fund L.P. Makes New $1.23 Million Investment in Range Capital Acquisition Corp. $RANG

K2 Principal Fund L.P. acquired a new position in Range Capital Acquisition Corp. (NASDAQ:RANG) in the fourth quarter, Holdings Channel reports. The fund acquired 118,150 shares of the company’s stock, valued at approximately $1,231,000.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Range Capital Acquisition in the 2nd quarter worth about $112,000. Clear Street Group Inc. bought a new position in shares of Range Capital Acquisition during the 3rd quarter valued at approximately $72,000. Glazer Capital LLC bought a new position in shares of Range Capital Acquisition during the 4th quarter valued at approximately $104,000. Harraden Circle Investments LLC bought a new position in shares of Range Capital Acquisition during the 4th quarter valued at approximately $3,320,000. Finally, Shaolin Capital Management LLC bought a new position in shares of Range Capital Acquisition during the 3rd quarter valued at approximately $1,029,000.

Range Capital Acquisition Price Performance

The company’s fifty day moving average is $10.60 and its 200 day moving average is $10.51. Range Capital Acquisition Corp. has a 52-week low of $10.19 and a 52-week high of $11.63.

Range Capital Acquisition (NASDAQ:RANG) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter.

Range Capital Acquisition Company Profile

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.