Malachite Innovations exchanges 21.7M warrants for 2.2M common shares

RANGE IMPACT, INC.

Exchanged warrants for 21.7M shares into 2.2M shares of common stock, a 10:1 ratio.
Shares issued on Oct 30, 2023 as unregistered securities; warrant holders surrender all rights to purchase.
Shares bear transfer restrictions until registered or exempt; company not obligated to register.
Exchange reduces potential dilution from outstanding warrants by approximately 90%.

Key facts

Extracted from this filing and checked against the source text.

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

RANGE IMPACT, INC. entered into Warrant Exchange Agreements with certain holders of warrants valued at aggregate of 2,173,334 shares of the Company’s common stock (effective 2023-10-30).

Action: entry
Counterparty: certain holders of warrants
Value: aggregate of 2,173,334 shares of the Company’s common stock
Effective: 2023-10-30

Exact text from the filing

On October 30, 2023, Malachite Innovations, Inc. (the “Company”) entered into warrant exchange agreements (the “Warrant Exchange Agreements”) with certain holders of warrants (the “Warrant Holders”) to exchange warrants to purchase a total of 21,733,334 shares of the Company’s common stock for an aggregate of 2,173,334 shares of the Company’s common stock.

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24 material agreements filed in the last 30 days. Browse all material agreements →

RANGE IMPACT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-038996

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