SCHEDULE: Linden Capital Group Reveals 7.3% Stake in Range Capital II

Linden Capital L.P. and its affiliates have disclosed a significant beneficial ownership stake of up to 7.3% in Range Capital Acquisition Corp II.

Summary

• Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong (collectively, the "Reporting Persons") have filed an amended Schedule 13G with the SEC.
• The filing reports beneficial ownership of Class A ordinary shares, par value $0.0001 per share, of Range Capital Acquisition Corp II.
• As of December 31, 2025, Linden Advisors LP and Siu Min Wong beneficially own 1,729,896 shares, representing approximately 7.3% of the outstanding Class A ordinary shares.
• Linden Capital L.P. and Linden GP LLC beneficially own 1,661,002 shares, representing approximately 7.0% of the outstanding Class A ordinary shares.
• The shares are held for the account of Linden Capital and one or more separately managed accounts.
• The Reporting Persons certify that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a substantial passive stake by a sophisticated investment group like Linden Capital can be interpreted as a vote of confidence in Range Capital Acquisition Corp II's prospects, even without activist intent.

Positives

• A significant stake by an institutional investor group like Linden Capital can signal confidence in the issuer's long-term prospects or its potential for a successful business combination.
• The disclosure of a substantial passive stake (over 5%) by a reputable investment firm may attract other institutional investors, potentially increasing liquidity and market interest.

Negatives

• The filing itself does not present any inherent negatives for the issuer, as it is a disclosure of passive ownership by an institutional investor.

Risks

• The filing does not detail risks related to the issuer's operations or financial health; it is a disclosure of beneficial ownership by an investment group.

Future Outlook

NA

Management Comments

• The undersigned hereby agree that the statement on Schedule 13G with respect to the Shares of Range Capital Acquisition Corp II dated as of December 31, 2025 is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

StockSavvy.ai notes that the disclosure of a significant passive stake by an investment group like Linden Capital in a Special Purpose Acquisition Company (SPAC) such as Range Capital Acquisition Corp II is a common occurrence. Such filings often indicate an institutional investor's belief in the SPAC's ability to identify and complete a successful de-SPAC transaction, or simply a strategic investment in the SPAC's trust value. This type of filing does not typically signal an activist intent, as explicitly stated in the certification.

Comparison to Industry Standards

• A 7.3% beneficial ownership stake is a substantial position for an institutional investor in a publicly traded company, particularly a SPAC.
• While specific comparable companies or projects are not mentioned in the filing, such a stake is generally considered a significant vote of confidence from a sophisticated investor group like Linden Capital, which manages substantial assets.
• For example, similar filings by hedge funds or asset managers often show stakes ranging from 5% to 10% in SPACs, indicating a strategic, often passive, investment in the vehicle's potential.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor stake may increase confidence among existing shareholders and potentially attract new investors, positively impacting share liquidity and valuation.
• Management: Management of Range Capital Acquisition Corp II will be aware of a significant institutional holder, which could influence strategic decisions, though the filing explicitly states no intent to influence control.

Next Steps

• The Reporting Persons will continue to monitor their investment in Range Capital Acquisition Corp II.
• Any future changes in beneficial ownership that cross certain thresholds will require further Schedule 13G or 13D filings.

Key Dates

Recommendation

The filing indicates a significant, passive institutional investment in Range Capital Acquisition Corp II by Linden Capital and its affiliates. While a substantial stake by a sophisticated investor can be seen as a positive signal, the Schedule 13G explicitly states no intent to influence control. This suggests a belief in the underlying value or potential of the SPAC without active engagement in its strategic direction. For existing investors, this provides a degree of validation, warranting a 'hold' position to observe the SPAC's progress towards a business combination. New investors might consider this a positive indicator, but further due diligence on the SPAC's target search and overall market conditions is crucial before initiating a 'buy'.

Keywords

Range Capital Acquisition Corp II, Linden Capital, Linden Advisors, Siu Min Wong, Schedule 13G, beneficial ownership, Class A ordinary shares, SPAC, institutional investment, equity stake