Range Capital Acquisition Corp II

What they do

The company is a Cayman Islands exempted company formed to effect a merger, share exchange, or similar business combination with one or more target businesses. It has not selected any specific target business and is not limited to any industry or geography. It has generated no revenues and does not expect operating revenues until the consummation of an initial business combination. Its management team is continuously evaluating potential opportunities.

Revenue drivers

• Interest on trust account investments — Non-operating income from interest earned on U.S. government securities held in the trust account; for the quarter ended June 30, 2026, interest income was $2,086,234.
• Investment income on bank accounts — Interest earned on cash held outside the trust account; reported $7,007 for the quarter ended June 30, 2026.
• No operating revenues — No revenues from operations to date; the company expects none until after a business combination.

Recent performance

For the three months ended June 30, 2026, the company reported net income of $1,934,271, driven by interest income on marketable securities held in trust of $2,086,234 and bank investment income of $7,007, offset by general expenses. The company has generated no revenues and expects no operating revenues until a business combination. As of June 30, 2026, total assets were $237.2 million, total liabilities were $8.2 million, and shareholder equity was negative $7.2 million, with no cash or equivalents reported.

Strategy

The company plans to effectuate a business combination using cash from the IPO and private placement proceeds, its shares, debt, or a combination. It may pursue targets that were previously discussed by Range I's management team. Management's professional contacts and transaction sources are expected to enable a broad range of opportunities. The company may not hold a shareholder vote for a business combination unless required, and initial shareholders have agreed to vote in favor of any proposed combination.

Risks

• No target selected — The company has not identified a specific target business and may not be able to complete a business combination within the required timeframe.
• Shareholder approval not guaranteed — The company may complete a business combination without a shareholder vote, and initial shareholders have agreed to vote in favor, which could override public shareholder opposition.
• No operating revenues — The company has no revenues and expects none until a business combination, so its financial performance depends entirely on interest income and the success of its acquisition.
• Negative shareholder equity — As of June 30, 2026, shareholder equity was negative $7.2 million, indicating that liabilities exceed assets and potentially signaling financial strain.

Outlook

Management expects to incur significant costs in pursuing acquisition plans and cannot assure success. The company will continue to generate only interest income until a business combination is completed. The trust account holds $230 million for the benefit of public shareholders, and the company has until the completion window to consummate a deal or face redemption.