SCHEDULE: Wolverine Entities Disclose 5.09% Stake in Range Capital Acquisition Corp.

Wolverine Asset Management and affiliated entities have disclosed a 5.09% beneficial ownership stake in Range Capital Acquisition Corp.'s Ordinary Shares, held in the ordinary course of business.

Summary

• Wolverine Asset Management, LLC, Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick collectively reported beneficial ownership of 815,626 Ordinary Shares of Range Capital Acquisition Corp.
• This ownership represents 5.09% of the Issuer's outstanding Ordinary Shares.
• The percentage was calculated based on 16,037,500 Ordinary Shares outstanding as of May 15, 2025, as reported in the Issuer's Form 10-Q.
• All reporting persons hold shared voting and shared dispositive power over these 815,626 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a factual disclosure of beneficial ownership, explicitly stating it's for ordinary course of business and not for control, thus not inherently positive or negative regarding company performance or outlook.

Positives

• A significant institutional investor group, Wolverine Asset Management and its affiliates, has taken a substantial 5.09% stake in Range Capital Acquisition Corp., indicating their investment interest.
• The filing explicitly states the shares are held in the ordinary course of business and not for control, which can signal a passive, long-term investment perspective.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and 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

This Schedule 13G filing indicates that Wolverine Asset Management, a prominent investment manager, and its affiliated entities have acquired a significant passive stake in Range Capital Acquisition Corp., a Special Purpose Acquisition Company (SPAC). Such filings are standard disclosures when an entity's beneficial ownership crosses the 5% threshold, providing transparency on institutional holdings without necessarily implying activist intent, as explicitly stated in this filing.

Related Party Transactions

• Wolverine Flagship Fund Trading Limited is identified as having the right to receive dividends or proceeds from the sale of the Ordinary Shares beneficially owned by Wolverine Asset Management, LLC.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, which can influence market perception and liquidity.
• Management: Awareness of a substantial passive investor holding a significant portion of the company's shares.

Key Dates

Keywords

Range Capital Acquisition Corp., Wolverine Asset Management, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Management, SEC Filing, Institutional Investor