Crossingbridge Advisors LLC Acquires Shares of 450,000 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 bought a new stake in Range Capital Acquisition Corp. (NASDAQ:RANG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 450,000 shares of the company's stock, valued at approximately $4,522,000. Range Capital Acquisition accounts for 2.3% of Crossingbridge Advisors LLC's investment portfolio, making the stock its 11th largest holding. Crossingbridge Advisors LLC owned about 3.21% of Range Capital Acquisition at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RANG. Schechter Investment Advisors LLC purchased a new position in Range Capital Acquisition in the first quarter valued at $5,320,000. Dakota Wealth Management acquired a new stake in shares of Range Capital Acquisition during the first quarter worth about $310,000. Wealthspring Capital LLC acquired a new stake in shares of Range Capital Acquisition during the first quarter worth about $1,559,000. Finally, Warberg Asset Management LLC acquired a new stake in shares of Range Capital Acquisition during the first quarter worth about $187,000.

Range Capital Acquisition Stock Down 0.3%

RANG stock traded down $0.03 during trading on Tuesday, hitting $10.25. The company had a trading volume of 130 shares, compared to its average volume of 713. Range Capital Acquisition Corp. has a 1-year low of $9.91 and a 1-year high of $10.64. The company has a 50-day simple moving average of $10.25.

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.