secwatch.observer — SEC 8-K summary
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Issuer:     RANGE IMPACT, INC. (RNGE)
CIK:        0001438943
Form:       8-K/A
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0001493152-22-026549
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Malachite Innovations files Range Environmental audited financials; acquisition price cut to $1.5M after dispute
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- Range Environmental had 2021 revenue of $2.48M and net income $795K; 2020 revenue $1.86M, net income $69.6K.
- Initial acquisition consideration: 10M Malachite shares (valued at $0.15/sh) plus $1M cash for 80% of Range Environmental and Range Natural Resources.
- Post-closing dispute with shareholder Joshua Justice led to Separation Agreement: he returned 5M shares, transferred 10% interest, paid $250K.
- Adjusted purchase price reduced from $2.5M to $1.5M; the 5M returned shares valued at $750K and $250K cash payment deducted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438943/000149315222026549/0001493152-22-026549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438943/000149315222026549/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-026549

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