other material
confidence high
sentiment neutral
materiality 0.40
Range Impact issues 1.31M shares at $0.764 to end MRR and Wicks options on 1,500 Kentucky acres
RANGE IMPACT, INC.
- Range Bluegrass Land, LLC terminated its December 31, 2025 option agreements with MRR CNG, LLC and Wicks Building LLC; the roughly 1,500-acre Eastern Kentucky property stays with Range Bluegrass.
- Range Impact issued 654,434 shares to MRR and 654,434 to Wicks (1,308,868 total) at $0.764, the September 2026 volume-weighted average price, for $500,000 each.
- No new cash: both $500,000 purchase prices were deemed paid by the $500,000 option fees MRR and Wicks already paid Range Bluegrass on December 31, 2025.
- Consulting agreements with MRR and F&G, LLC dated December 31, 2025 were also terminated; fees previously paid to Range Impact were deemed earned and non-refundable.
- The shares were issued as unregistered securities under Item 3.02, with MRR and Wicks representing they bought for their own account, not for resale.