Nasdaq Warns Range Capital Over Sub-400 Holder Count
RANG is trading near its 52-week low of $9.91 (9.2% above the low) on light trading volume (0.1× avg).
Summary
Nasdaq notified Range Capital Acquisition Corp. that it fails the 400 Total Holders requirement, giving the company 45 days to submit a compliance plan. The deficiency adds listing risk to an already distressed SPAC with going concern doubt and minimal cash.
Key Events · Legal and Risk Events · RANG
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Nasdaq Deficiency Notice Received
On September 11, 2026, Nasdaq notified the company it fails Listing Rule 5450(a)(2), which requires at least 400 Total Holders for continued listing on the Nasdaq Global Market.
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45-Day Compliance Plan Deadline
The company has 45 calendar days to submit a plan to regain compliance. If Nasdaq accepts the plan, the company may receive up to 180 days from the notice date to evidence compliance.
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Appeal Option if Plan Rejected
If Nasdaq does not accept the company's plan, the company may appeal the decision to a Nasdaq Hearings Panel.
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Distressed Financial Backdrop
The deficiency notice follows the August 10-Q disclosure of a material weakness and going concern doubt, with cash down to $1,862 and a working capital deficit of $335,622.
Analysis · RANG · Real Estate & Construction
A Nasdaq deficiency notice landed on September 11, 2026, flagging Range Capital Acquisition Corp. for failing to maintain at least 400 Total Holders under Listing Rule 5450(a)(2). The company now has 45 days to submit a compliance plan and could receive up to 180 days to regain compliance if Nasdaq accepts it. This adds to an already fragile situation: the company disclosed a material weakness and going concern doubt in its August 10-Q, with cash down to $1,862 and a working capital deficit of $335,622. A delisting would remove the company's access to public capital markets at a time when it is already struggling to fund operations.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 40.2% of the 383 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.55%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RANG was trading at $10.82 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $72.5M. The 52-week trading range was $9.91 to $11.67. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.