04:06 AM EST, 12/20/2024 (MT Newswires) -- Range Capital Acquisition said Thursday it priced its initial public offering of 10 million units at $10 per unit.

Underwriters have been granted a 45-day option to buy up to an additional 1.5 million units. The offering is set to close around Monday.

The units are expected to start trading this Friday on the Nasdaq Global Market under the symbol, "RANGU." Each unit consists of one ordinary share and one right to receive a tenth of an ordinary share upon the completion of an initial business combination.

Once the securities begin trading separately, the ordinary shares and rights are expected to be listed on the Nasdaq Global Market under the symbols, "RANG" and "RANGR," respectively.