M&A - RANGE IMPACT, INC.

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225010872

Filing Summary: For the quarterly period ended March 31, 2025, Range Impact, Inc. reported a significant transformation in its corporate structure and financial condition. The company, which operates in environmental services and previously focused on mining and land reclamation, undertook a major acquisition of 120,154 acres at the Fola mine complex, including multiple mining permits and coal royalty contracts. This is part of a broader strategy to reorganize its operations into two focused business segments: Range Land and Range Services. Financially, the company's total assets surged to $54,448,319, reflecting the acquisition impact, while the liabilities increased to $47,909,797. The company reported a loss from operations at $555,296 but recorded a net income of $5,099,627, largely driven by a gain on a bargain purchase related to the recent acquisition. The document highlights the company's transition towards a more profitable operation while facing potential challenges regarding ongoing capital needs.

Form Type: 8-K

Filing Date: 2025-04-02

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225002367

Filing Summary: On March 31, 2025, Range Sky View Land LLC, a wholly-owned subsidiary of Range Impact, Inc., entered into a Purchase and Sale Agreement with AppleAtcha Land, LLC and WV Reclaim Co, LLC to acquire approximately 120,000 acres of real property interests associated with the Fola Mining Complex in West Virginia. The acquisition includes surface land and mineral interests, certain real property agreements, coal royalty agreements, equipment, and accounts receivable, with a total purchase consideration of $2,958,516. The agreement outlines customary terms and conditions and includes the acquisition of fifteen permits associated with the Fola Mine Complex. On April 2, 2025, a press release was issued regarding the acquisition.