SCHEDULE: Magnetar Funds Disclose 4.98% Stake in Range Capital
Beneficial Ownership Report
Magnetar Financial and related entities report beneficial ownership of 4.98% of Range Capital Acquisition Corp.'s Class A ordinary shares.
Summary
- Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman collectively reported beneficial ownership of 800,000 Class A ordinary shares of Range Capital Acquisition Corp.
- This ownership represents approximately 4.98% of the total Class A ordinary shares outstanding.
- The shares are held across several Magnetar Funds, including Constellation Master Fund, Lake Credit Fund, Structured Credit Fund, Xing He Master Fund, Alpha Star Fund, Purpose Alternative Credit Fund, SC Fund, and Purpose Alternative Credit Fund T.
- Magnetar Financial LLC serves as the investment adviser to these funds, exercising voting and investment power over the shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported passive investment position.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, indicating a passive investment position. It does not contain information that would inherently suggest positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a passive investment stake by an investment firm in a publicly traded company, common within the financial industry for transparency regarding significant holdings.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake by institutional investors, which can influence market perception of the stock's liquidity and institutional interest.
Key Dates
| Date | Description |
|---|---|
| 2022-12-22 | Date of Limited Power of Attorney granted by David J. Snyderman. |
| 2025-05-15 | Date of Issuer's Form 10-Q filing with the SEC, which provided the total shares outstanding (16,037,500 shares). |
| 2025-06-30 | Date of event which required the filing of this statement (beneficial ownership calculation date). |
| 2025-08-08 | Date of filing of this Schedule 13G Amendment No. 1 and Joint Filing Agreement. |
Keywords
Range Capital Acquisition Corp, Magnetar Financial, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Investment Adviser, Passive Investment, SEC Filing
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