RANGE IMPACT, INC. (RNGE): M&A transaction — Malachite Innovations acquires Collins Building & Contracting for $5.035M in cash and seller notes

RANGE IMPACT, INC.

Total consideration $5.035M: $1M cash, $2M 5-year secured note at 7%, $2.035M 2-year secured note at 8.25%.
Collins Building focuses on abandoned mine land reclamation in West Virginia; assets include 100+ equipment, 100 acres, quarry, and mechanic shop.
This is Malachite's third reclamation business acquisition in West Virginia in 16 months.
Seller Roger Collins appointed Senior VP of Sales at subsidiary Range Environmental Resources to expand AML business.
Notes secured separately by real estate/quarry infrastructure (first note) and equipment (second note).

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

RANGE IMPACT, INC. completed an acquisition involving Roger L. Collins, Jr. for cash consideration of $1,000,000 (subject to certain adjustments as set forth in the Stock Purchase Agreement), (b) a five-year secured promissory note in favor (closed 2023-08-31).

Action: acquisition
Counterparty: Roger L. Collins, Jr.
Consideration: cash consideration of $1,000,000 (subject to certain adjustments as set forth in the Stock Purchase Agreement), (b) a five-year secured promissory note in favor
Closing: 2023-08-31

Exact text from the filing

the outstanding common stock of Collins Building & Contracting, Inc., a West Virginia corporation (“Collins Building”), to the Company in exchange for (a) cash consideration of $1,000,000 (subject to certain adjustments as set forth in the Stock Purchase Agreement), (b) a five-year secured promissory note in favor of Mr. Collins in the principal amount of

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RANGE IMPACT, INC. entered into Stock Purchase Agreement with Roger L. Collins, Jr. valued at Cash consideration of $1,000,000, five-year secured promissory note of $2,000,000 at 7.0%, two-year (effective 2023-08-31).

Action: entry
Agreement: asset purchase
Counterparty: Roger L. Collins, Jr.
Value: Cash consideration of $1,000,000, five-year secured promissory note of $2,000,000 at 7.0%, two-year
Effective: 2023-08-31

Exact text from the filing

On August 31, 2023, the Company entered into a Stock Purchase Agreement by and between the Company and Roger L. Collins, Jr. (the “Stock Purchase Agreement”), attached hereto as Exhibit 10.1, pursuant to which Mr. Collins agreed to sell all of the outstanding common stock of Collins Building & Contracting, Inc., a West Virginia corporation (“Collins Building”), to the Company

View on SEC.gov

4 m&a transactions filed in the last 30 days. Browse all m&a transactions →

RANGE IMPACT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-031573

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.