Governors Lane LP Invests $2.61 Million in Range Capital Acquisition Corp. $RANG

Governors Lane LP acquired a new position in Range Capital Acquisition Corp. (NASDAQ:RANG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,609,000.

Other institutional investors have also recently made changes to their positions in the company. Clear Street Group Inc. bought a new stake in Range Capital Acquisition during the 3rd quarter valued at approximately $72,000. Glazer Capital LLC bought a new stake in Range Capital Acquisition during the 4th quarter valued at approximately $104,000. Jane Street Group LLC bought a new stake in Range Capital Acquisition during the 2nd quarter valued at approximately $112,000. Radcliffe Capital Management L.P. bought a new stake in Range Capital Acquisition during the 2nd quarter valued at approximately $188,000. Finally, Moore Capital Management LP bought a new stake in Range Capital Acquisition during the 2nd quarter valued at approximately $925,000.

Range Capital Acquisition Price Performance

Shares of RANG opened at $10.61 on Thursday. The business’s 50 day moving average is $10.60 and its 200 day moving average is $10.51. Range Capital Acquisition Corp. has a 12-month low of $10.19 and a 12-month high of $11.63.

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

Range Capital Acquisition 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.