Range Capital Acquisition II (RNGT)
Market Price (5/30/2026): $10.07 | Market Cap: $315.5 MilSector: Financials | Industry: Multi-Sector Holdings
Range Capital Acquisition II (RNGT)
Market Price (5/30/2026): $10.07Market Cap: $315.5 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 2.9% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -82% | Key risksRNGT key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
| Low stock price volatilityVol 12M is 2.9% |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -82% |
| Key risksRNGT key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Range Capital Acquisition II (RNGT) stock has remained largely at the same level since 1/31/2026 because of the following key factors:
1. Nature of a Pre-Deal SPAC and Trust Value Protection. As a Special Purpose Acquisition Company (SPAC) that has not yet announced a definitive business combination, Range Capital Acquisition II's (RNGT) stock price has remained largely stable due to the cash held in its trust account. The company's IPO price was $10.00 per unit, and SPACs typically trade around this trust value as investors have the option to redeem their shares at or near this amount if a suitable acquisition is not found or approved.
2. Absence of a Definitive Business Combination Announcement. RNGT has not announced a target company or a definitive merger agreement since January 31, 2026. The company explicitly states it has not yet identified a business combination target, and there is no recent news available concerning a merger. The lack of significant corporate news, particularly a de-SPAC transaction, means there have been no new catalysts to drive the stock price significantly above its trust value.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| RNGT | 1.2% | |
| Market (SPY) | 9.6% | 6.7% |
| Sector (XLF) | -3.0% | 7.1% |
Fundamental Drivers
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Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| RNGT | ||
| Market (SPY) | 11.5% | 3.8% |
| Sector (XLF) | -0.7% | 0.8% |
Fundamental Drivers
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Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| RNGT | ||
| Market (SPY) | 38.0% | 3.8% |
| Sector (XLF) | 7.4% | 0.8% |
Fundamental Drivers
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Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| RNGT | ||
| Market (SPY) | 89.0% | 3.8% |
| Sector (XLF) | 63.2% | 0.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RNGT Return | - | - | - | - | -0% | 1% | 1% |
| Peers Return | 0% | 0% | 0% | 0% | 0% | -14% | -14% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| RNGT Win Rate | - | - | - | - | 0% | 80% | |
| Peers Win Rate | 0% | 0% | 0% | 0% | 0% | 68% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| RNGT Max Drawdown | - | - | - | - | - | -1% | |
| Peers Max Drawdown | 0% | 0% | 0% | 0% | 0% | -80% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARCI, ARTC, BBCQ, BHAV, BLRK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
RNGT has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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RNGT has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Range Capital Acquisition II (RNGT)
AI Analysis | Feedback
It's like **Blackstone** or **KKR**, but as a publicly traded company that has raised money solely to acquire one private company and bring it to the public stock market.
AI Analysis | Feedback
- Business Combination Facilitation: Range Capital Acquisition II's primary function is to identify and acquire a private company, thereby facilitating its transition into a publicly traded entity.
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AI Analysis | Feedback
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Tim Rotolo, Chairman & Chief Executive Officer
Tim Rotolo is the Chairman and Chief Executive Officer of Range Capital Acquisition II. He founded and currently serves as CEO of Lloyd Harbor Capital Management. He is also the CEO and Chairman of Range Capital Acquisition (RANGU), a previous SPAC which was searching for a target as of October 2025. Range Capital highlights his extensive experience in capital-constrained markets and successful public listings, and notes a proven track record in building successful public market entities, including transitioning companies like CVE: PUR and TSE: XSF from private to public markets.
Andrew Kucharchuk, Chief Financial Officer
Andrew Kucharchuk serves as the Chief Financial Officer for Range Capital Acquisition II. He currently holds CFO positions at Cero Therapeutics (Nasdaq: CERO) and Theralink Technologies (OTC: THER). He is described as an experienced executive with prior roles as CEO, CFO, and COO across four different companies.
James Grigor, Independent Director
James Grigor serves as an Independent Director. He brings expertise in investment management, corporate governance, and financial advisory.
Alexander Matina, Independent Director
Alexander Matina serves as an Independent Director. His background includes diverse experience in investment management, corporate governance, and financial advisory.
John Lovett, Independent Director
John Lovett serves as an Independent Director. He offers diverse expertise in investment management, corporate governance, and financial advisory.
AI Analysis | Feedback
The most significant risk for Range Capital Acquisition II is the **failure to complete an initial business combination**.
As a blank check company with no material operations and no revenues, Range Capital Acquisition II's entire corporate purpose revolves around identifying and successfully merging with or acquiring one or more target businesses. If the company is unable to consummate an initial business combination within the timeframe typical for such entities, it would likely be forced to liquidate and return its capital to shareholders, thereby failing to achieve its strategic objective.
Another key risk is the **inability to identify and successfully acquire a suitable target business that generates long-term value for shareholders**. Even if the company manages to complete a business combination, there is a risk that the acquired entity may underperform expectations, fail to integrate effectively, or not deliver the anticipated financial or strategic benefits. This risk is amplified by the fact that the company has not yet selected any specific target business.
Finally, the company faces the risk of **intense competition for target businesses**. The market for attractive acquisition targets, particularly those suitable for a SPAC combination, can be highly competitive. Range Capital Acquisition II may compete with other blank check companies, private equity firms, and strategic buyers for desirable businesses, which could make it difficult to secure a high-quality target on favorable terms or even lead to overpaying for an acquisition.
AI Analysis | Feedback
The declining investor appetite for SPACs and increased regulatory scrutiny of the SPAC business model.
AI Analysis | Feedback
nullAI Analysis | Feedback
Range Capital Acquisition II (RNGT), as a blank check company, does not currently generate operating revenues. Its future revenue growth will be entirely dependent on the successful consummation of an initial business combination with one or more target businesses. Upon the completion of such a combination, the drivers of the combined entity's revenue growth would then stem from the operations and strategic initiatives of the acquired business(es). Based on this structure, the expected drivers of future revenue growth for RNGT over the next 2-3 years, contingent upon a successful acquisition, would include:
- Successful completion of a business combination with a revenue-generating target company: This is the foundational driver, as RNGT currently has no revenues and will only begin to generate them upon acquiring an operating business. The timing and success of this initial business combination are paramount.
- Organic growth of the acquired target company within its existing customer base and markets: Once a target business is acquired, its ability to expand sales to current customers, increase market share within its operational footprint, and grow its core offerings will directly contribute to the combined entity's revenue.
- Expansion of the acquired target company into new geographic markets or customer segments: Post-acquisition, strategic initiatives by the target business to enter new regions or appeal to new demographics will serve as a driver for increased revenue for the combined entity.
- Launch of new products or services by the acquired target company: The development and successful introduction of innovative products or services by the merged business will create new revenue streams and drive overall growth.
- Strategic price increases for the products or services offered by the acquired target company: If the acquired business possesses a strong competitive position, unique value propositions, or operates in an inelastic market, it may be able to implement price adjustments that enhance revenue growth.
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| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.99 |
| Mkt Cap | 0.3 |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.3 |
| P/S | - |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | - |
| P/CFO | - |
| Total Yield | - |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | - |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.8% |
| 3M Rtn | 1.0% |
| 6M Rtn | 1.2% |
| 12M Rtn | 1.1% |
| 3Y Rtn | 1.1% |
| 1M Excs Rtn | -5.4% |
| 3M Excs Rtn | -9.2% |
| 6M Excs Rtn | -11.1% |
| 12M Excs Rtn | -27.6% |
| 3Y Excs Rtn | -81.7% |
Earnings Returns History
Updated 5/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
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| FinViz |
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