Range Impact closes $1.7M equity raise at $0.15/share led by strategic investors

RANGE IMPACT, INC.

Raised $1.7M by issuing 11,333,336 shares at $0.15 each; closed December 21, 2023.
Lead investors: Intelligent Fanatics Capital Mgmt, Carlson Ridge Capital, Dickinson Group.
Also participating: Chairman Edward Feighan, CEO Michael Cavanaugh, author Andrew Tobias.
Shares issued under Section 4(a)(2)/Reg D exemption; registration statement to be filed within 90 days.
Proceeds intended to fund growth and align with strategic investors focused on impact investing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

RANGE IMPACT, INC. entered into Securities Purchase Agreement with Purchasers identified therein valued at $1,700,000 aggregate proceeds for 11,333,336 shares at $0.15 per share (effective 2023-12-21).

Action: entry
Agreement: equity purchase
Counterparty: Purchasers identified therein
Value: $1,700,000 aggregate proceeds for 11,333,336 shares at $0.15 per share
Effective: 2023-12-21

Exact text from the filing

On December 21, 2023, Range Impact, Inc. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with each of the purchasers identified therein (the “Purchasers”) providing for the issuance and sale by the Company to the Purchasers of an aggregate of 11,333,336 shares of the Company’s common stock (the “Shares”) at a price of $0.15 per share.

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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 0001493152-23-045729

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