secwatch.observer — SEC 8-K summary
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Issuer:     RANGE IMPACT, INC. (RNGE)
CIK:        0001438943
Form:       8-K
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0001493152-22-006892
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438943/000149315222006892/0001493152-22-006892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438943/000149315222006892/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006892

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