Range Capital Acquisition Q2 net income falls to $721,691 - RANG News | RalliesRange Capital Acquisition Q2 net income falls to $721,691
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RANG• Quarterly and first-half results
- Range Capital Acquisition posted Q2 net income of USD 721,691, down from USD 1,041,339 a year earlier.
- Interest income from the trust account slipped to USD 995,027, while operating costs climbed to USD 273,336.
- First-half net income fell to USD 1.58 million from USD 1.95 million, as trust interest decreased to USD 2.07 million.
Trust account redemptions and extension funding
- Shareholders redeemed about USD 99.49 million at about USD 10.65 per share, leaving about USD 23.02 million in trust.
- The company extended its deal deadline with monthly sponsor-funded deposits; USD 60,000 was contributed by June 30 under the Extension Note.
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