Range Capital Acquisition Corp II (RNGTW) Warrant
Each RNGTW warrant gives the holder the right to buy 1 share of Range Capital Acquisition Corp II at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.19, below the strike, so the warrant is out of the money. Range Capital Acquisition Corp II has a market value of about $319.22M. Range Capital Acquisition Corp II is a SPAC (no deal announced yet). It must complete a deal by October 6, 2027 or the warrants expire worthless. There are 11.50M listed warrants; exercising all of them would add 36.7% to the 31.33M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.80
From the issuer's S-1/A (2025-09-29).
Company and stock
- Company
- Range Capital Acquisition Corp II
- Underlying stock
- RNGT
- Share price
- $10.19
- Market cap
- $319.22M
- Shares outstanding
- 31.33M
- Range since Nov 2025
- $9.94 – $10.19
- Change since Nov 2025
- +2%
- Value of all listed warrants
- $3.44M (1.1% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Cold Spring Harbor, NY
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2987
- Price / model
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Dilution
- Shares outstanding
- 31.33M
- Listed warrants
- 11.50M
- Dilution if all exercised
- 36.7%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-10-06
- Latest possible deadline
- 2027-10-06
- Trust per share
- $10.27
- Sponsor
- Range Capital Acquisition Sponsor II LLC
- Sponsor's earlier SPACs
- 1 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about RNGTW
When does the RNGTW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of RNGTW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many RNGTW warrants are outstanding?
11.50M listed warrants, equal to 36.7% dilution if all are exercised.
Related warrants
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