Range Capital Acquisition Corp. II (RNGTU) priced its SPAC IPO – 20 million units at $10.00 each – and raised $200 million tonight (Thursday, Oct. 2, 2025). This is the first SPAC IPO priced this October. It is, however, the third SPAC to start trading in this brand new month. (The other two SPAC IPOs were priced Tuesday night, Sept. 30, to trade Wednesday, Oct. 1.)
Range Capital Acquisition II is set to begin trading tomorrow – Friday, Oct. 3, 2025 – on the NASDAQ.
BTIG acted as the sole book-runner.
Each unit consists of one share of stock and one-half of one redeemable warrant, according to the prospectus.
Tim Rotolo is the CEO and chairman of Range Capital Acquisition Corp. II. He is also the CEO and chairman of Range Fund Holdings.
“We plan to focus on targets in the North American market with $500 million or more of enterprise value, low leverage, and owners interested in growth capital who are willing to roll over significant equity,” Range Capital Acquisition II said in the prospectus.
“We will look for sectors that are capital constrained, overlooked or out of favor.”
Energy, nuclear energy, asset management/specialty finance, fertility and defense tech are the sectors where Range Capital Acquisition II will look for target companies suitable for a merger or an initial business combination, according to the prospectus.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
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Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.