Crossingbridge Advisors LLC Takes $4.52 Million Position in Range Capital Acquisition Corp. $RANG

Key Points

• Crossingbridge Advisors LLC acquired 450,000 shares of Range Capital Acquisition Corp. for approximately $4.52 million, indicating strong interest in the company.
• The stock makes up about 2.3% of Crossingbridge's portfolio, marking it as their 11th largest holding.
• Range Capital Acquisition Corp. operates as a blank check company, aiming to engage in mergers or business combinations with other entities.

Crossingbridge Advisors LLC acquired a new position in shares of Range Capital Acquisition Corp. (NASDAQ:RANG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 450,000 shares of the company's stock, valued at approximately $4,522,000. Range Capital Acquisition comprises 2.3% of Crossingbridge Advisors LLC's investment portfolio, making the stock its 11th largest holding. Crossingbridge Advisors LLC owned 3.21% of Range Capital Acquisition at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Schechter Investment Advisors LLC bought a new stake in Range Capital Acquisition in the 1st quarter valued at about $5,320,000. Wealthspring Capital LLC bought a new stake in shares of Range Capital Acquisition in the first quarter valued at approximately $1,559,000. Dakota Wealth Management bought a new stake in shares of Range Capital Acquisition in the first quarter valued at approximately $310,000. Finally, Warberg Asset Management LLC acquired a new stake in Range Capital Acquisition during the first quarter worth approximately $187,000.

Range Capital Acquisition Stock Performance

The stock has a 50 day simple moving average of $10.25. Range Capital Acquisition Corp. has a 52 week low of $9.91 and a 52 week high of $10.64.

About Range Capital Acquisition

Range Capital Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on July 24, 2024 and is headquartered in New York, NY.