Range Capital Acquisition Corp is a Special Purpose Acquisition Company (SPAC) with no operations, revenue, or employees beyond its two executive officers. Range Capital raised ~$115.6M in its IPO (completed December 2024), which sits in a trust account earning interest until the company completes an acquisition or liquidates. Its sole purpose is to identify and acquire a private business, taking it public in the process. The SPAC's sponsors receive "founder shares" — a discounted equity stake in the combined company — as their compensation for completing a deal, meaning management is rewarded through equity upside in the post-merger company rather than current income. Range Capital takes a generalist approach with no restrictions on industry or geography, targeting North American businesses with enterprise values of $500M or more. Management has flagged several sector themes as attractive, including energy and nuclear, defense tech, specialty finance, and women's health. Range Capital is led by Tim Rotolo, Chairman and CEO, who previously founded Lloyd Harbor Capital Management and launched the URNM uranium mining ETF. Rotolo also formed a parallel SPAC, Range Capital Acquisition Corp II, in October 2025, which raised $230M — creating a notable conflict of interest, as deal opportunities may be allocated to Range II rather than Range Capital. If Range Capital fails to complete an acquisition within 18 months of its IPO closing, it must return trust funds (~$10.05 per share) to public shareholders and dissolve.