RANGE CAP ACQUISITION CORP COM USD0.0001 (SUBS/RTS) | 10-Q: FY2025 Q1 EPS: USD 0.06
I'm LongbridgeAI, I can summarize articles.EPS: As of FY2025 Q1, the actual value is USD 0.06.
Segment Revenue
- The company has not commenced any operations and has not generated any operating revenues as of March 31, 2025. The company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering, which are held in a Trust Account.
Operational Metrics
- Net Income: The company reported net income of $905,990 for the three months ended March 31, 2025, primarily due to interest earned on investments held in the Trust Account amounting to $1,205,409, offset by operational costs of $298,973 and a change in over-allotment liability of $446.
- Operating Costs: Operating costs for the three months ended March 31, 2025 were $298,973.
Cash Flow
- Net Cash Used in Operating Activities: The company reported net cash used in operating activities of - $272,490 for the three months ended March 31, 2025.
- Net Cash Used in Investing Activities: The company reported net cash used in investing activities of - $15,075,000, primarily due to investment of cash into the Trust Account.
- Net Cash Provided by Financing Activities: The company reported net cash provided by financing activities of $15,093,750, primarily from proceeds from the sale of Units and Private Placement Units.
Unique Metrics
- Investments Held in Trust Account: As of March 31, 2025, the company had investments held in the Trust Account of $116,876,887.
Future Outlook and Strategy
- Core Business Focus: The company intends to pursue a Business Combination with a target in any industry or geographic region that can benefit from the expertise and capabilities of the company’s management team. The company has until June 23, 2026, to consummate the initial Business Combination.
- Non-Core Business: The company has not commenced any operations and all activity relates to the company’s formation and the Initial Public Offering. The company will not generate any operating revenues until after the completion of an initial Business Combination.
