One & One Green Technologies stock soars 100% after IPO debut
NEW YORK - Range Capital Acquisition Corp II announced Monday the completion of its initial public offering, raising $230 million by selling 23 million units at $10 each, including the full exercise of underwriters’ overallotment option for an additional 3 million units. The stock has shown remarkable stability since its debut, trading at $10.01 as of the latest market close.
The special purpose acquisition company (SPAC), led by CEO Timothy Rotolo, is now trading on the Nasdaq Global Market under the symbol "RNGTU." Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. According to InvestingPro data, the stock has maintained robust trading volume, averaging 8.59 million shares daily over the past three months.
Once the securities begin separate trading, the ordinary shares and warrants are expected to list on Nasdaq under the symbols "RNGT" and "RNGTW," respectively.
BTIG, LLC served as the sole book-running manager for the offering, which was made through a prospectus following the Securities and Exchange Commission’s declaration of effectiveness for the registration statement on September 30, 2025.
Range Capital Acquisition Corp II describes itself as a blank check company formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. InvestingPro analysis indicates the company maintains a FAIR financial health score of 1.91, suggesting stable initial positioning. The company’s management includes Chairman and CEO Timothy Rotolo and CFO Andrew Kucharchuk.
The company did not specify target industries or regions for potential business combinations in its press release statement.
SPACs, also known as blank check companies, raise capital through IPOs with the intention of acquiring existing businesses, typically within a specified timeframe.
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