Range Acquisition Corp. Annual Report: A Simple Breakdown

I’ve put together this guide to help you understand how Range Acquisition Corp. performed this year. My goal is to turn complex filing data into plain English so you can decide if this company fits your investment goals.

1. What does this company do?

Range Acquisition Corp. is a "blank check" company. It has no products, no employees, and no business operations. Its only purpose is to find and merge with a private company. This allows that private business to become public without going through a traditional IPO.

2. Financial performance

The company generated $0 in revenue this year. It spent about $125,000 on administrative, legal, and accounting costs to stay listed on the stock exchange. This resulted in a loss of roughly $108,584, which is expected for a company that isn't running a business yet.

3. Major hurdles and "The Hunt"

The company is currently searching for a target, ideally in technology or financial services. With only $16,416 in cash, they have limited resources to conduct deep background checks or independent market studies. They rely on the information provided by potential target companies, which increases the risk of missing hidden legal or financial issues.

4. Financial health

As of December 31, 2025, the company had only $16,416 in cash. Because their operating costs exceed their cash on hand, auditors have raised "substantial doubt" about the company’s ability to continue as a going concern. They rely entirely on loans from their management team to pay for basic filings and legal fees. Without this ongoing financial support, the company would be unable to operate.

5. Key risks for your investment

• Dilution: If a merger occurs, the company will likely issue new shares. This reduces your ownership percentage and could lower the value of your existing shares.
• Limited control: You may have little say in the merger process. Management can finalize some deals without a shareholder vote, and they have the authority to change the board of directors without your input.
• Conflicts of interest: The leadership team manages four other SPACs. If they identify a promising target, they may choose to pursue it for one of their other companies rather than this one.
• Competitive disadvantage: The company competes against firms with significantly more capital, dedicated full-time deal teams, and deeper industry connections.
• Part-time management: The leadership team holds other full-time positions, meaning they cannot dedicate their full attention to finding and vetting deals for this company.

6. Future outlook

The company intends to continue its search for a merger target. While they hope to leverage the network of "Montrose Capital" for potential leads, there is no formal agreement guaranteeing this support. There are currently no merger candidates, and there is no guarantee that a deal will be completed before the company is required to shut down.

7. Should you invest?

This is a highly speculative investment. You are not buying a business with existing cash flow; you are betting on a management team that is balancing this project alongside four other companies with very limited capital. If they fail to complete a merger, there is a significant risk that you could lose your entire investment.

Before you decide: Consider whether you are comfortable with a company that has no revenue, relies on management loans to survive, and faces a high probability of liquidation if a merger is not found.