Exhibit 5.1
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November 27, 2024
Range Capital Acquisition Corp.
44 Main Street
Cold Spring Harbor
New York 11724
Re: | Range Capital Acquisition Corp. |
Registration Statement on Form S-1
Ladies and Gentlemen:
Range Capital Acquisition Corp., a Cayman Islands exempted company (the “Company”), has filed with the Securities and Exchange Commission a Registration Statement on Form S-1, as amended (File No. 333-) (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”), covering up to 11,500,000 units of the Company (the “Units”) (including up to 1,500,000 Units subject to the Underwriter (as defined below) over-allotment option), with each Unit consisting of (i) one ordinary share of the Company, par value $0.0001 per share (“Ordinary Share”) for an aggregate of up to 11,500,000 Ordinary Shares (including up to 1,500,000 Ordinary Shares included in the Units subject to the Underwriters’ over-allotment option) and (ii) one right (“Right”) entitling the holder thereof to receive 1/10th of one ordinary share upon the completion of an initial business combination, for an aggregate of up to 11,500,000 Rights (including up to 1,500,000 Rights included in the Units subject to the Underwriters’ over-allotment option) to be issued under a Right Agreement (the “Rights Agreement”) to be entered into by the Company and Continental Stock Transfer & Trust Company, as Rights Agent, to be issued pursuant to the terms of an underwriting agreement (the “Underwriting Agreement”) to be executed by the Company and EarlyBirdCapital, Inc. (the “Underwriter”).
We have acted as counsel to the Company in connection with the preparation and filing of the Registration Statement and this opinion is being furnished in accordance with the “Legal Matters” section of the Registration Statement, as it pertains to the portions of New York law set forth below and with the requirements of Item 601(b)(5) of Regulation S-K under the Act.
We have examined copies of such corporate records, agreements, documents and other instruments of the Company and other certificates and documents of officials of the Company, public officials, and others, as we have deemed appropriate for purposes of this letter. We have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, and the conformity to authentic original documents of all copies submitted to us as conformed, certified, or reproduced copies. We have also assumed that (i) upon sale and delivery of the Units, the Ordinary Shares and Rights, the certificates representing such Units, Ordinary Shares and Rights will conform to the specimens thereof filed as exhibits to the Registration Statement and will have been duly countersigned by the transfer agent and duly registered by the registrar or, if uncertificated, valid book-entry notations for the issuance of the Units, Ordinary Shares and the Rights in uncertificated form will have been duly made in the register of the Company and (ii) at the time of execution, countersigning, issuance, and delivery of the Rights, the Rights Agreement will be a valid and binding obligation of the Rights Agent, enforceable against the Rights Agent in accordance with its terms. In addition, in providing the opinions herein, we have relied, with respect to matters related to the Company’s existence, upon the certificates referenced above.
Based upon the foregoing, and subject to the assumptions, exceptions, qualifications, and limitations stated herein, we are of the opinion that:
1. When the Units have been duly executed, issued and delivered by the respective parties thereto and delivered to and paid for by the Underwriter pursuant to the terms of the Underwriting Agreement, the Units will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.