Malachite signs non-binding LOI to acquire 80% of Range Environmental for 10M shares + $1M cash

RANGE IMPACT, INC.

Consideration: 10M shares of MLCT common stock and $1M cash, with $250k holdback for six-month indemnification period.
Range is a West Virginia environmental services firm focused on coal mine reclamation and stream remediation in Appalachia.
Transaction would be first investment under new Daedalus Ecosciences ESG strategy; no definitive agreement yet.
Closing conditions include due diligence, negotiation of definitive agreement and employment contracts, and board approval.
Target closing date is April 30, 2022; acquisition is structured as purchase of 80% of Range's shares.

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