Range Impact Completes Asset Acquisition
Ticker: RNGE · Form: 8-K · Filed: Aug 29, 2024 · CIK: 1438943
| Field | Detail |
|---|---|
| Company | Range Impact, Inc. (RNGE) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $2,940,836 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, definitive-agreement
TL;DR
Range Impact just bought some assets, details TBD.
AI Summary
On August 22, 2024, Range Impact, Inc. announced the completion of its acquisition of certain assets from an unnamed seller for an undisclosed amount. This transaction is categorized under "Completion of Acquisition or Disposition of Assets" and "Entry into a Material Definitive Agreement." The filing also includes financial statements and exhibits related to this event.
Why It Matters
This acquisition could significantly alter Range Impact's asset base and operational scope, potentially impacting future revenue streams and market position.
Risk Assessment
Risk Level: medium — The acquisition involves material definitive agreements and completion of asset disposition, but key financial details like the purchase price are undisclosed, creating uncertainty.
Key Players & Entities
- RANGE IMPACT, INC. (company) — Registrant
- August 22, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- MALACHITE INNOVATIONS, INC. (company) — Former company name
- Vitality Biopharma, Inc. (company) — Former company name
- Stevia First Corp. (company) — Former company name
FAQ
What specific assets were acquired by Range Impact, Inc.?
The filing does not specify the exact nature or type of assets acquired, only that it was a completion of an acquisition of certain assets.
What was the purchase price or consideration for the acquired assets?
The filing does not disclose the dollar amount or any other form of consideration paid for the acquired assets.
Who was the seller of the assets acquired by Range Impact, Inc.?
The filing refers to the transaction as an acquisition of "certain assets" but does not name the seller.
What is the significance of the "Entry into a Material Definitive Agreement" item?
This item indicates that Range Impact, Inc. entered into a significant contract or agreement that is material to its business operations.
When did the name of the company last change prior to becoming Range Impact, Inc.?
The company was formerly known as MALACHITE INNOVATIONS, INC. and the name change occurred on October 12, 2021.
Filing Stats: 1,434 words · 6 min read · ~5 pages · Grade level 11.5 · Accepted 2024-08-28 21:36:59
Key Financial Figures
- $2,940,836 — l balance and accrued interest totaling $2,940,836 on two promissory notes made by Collins
Filing Documents
- form8-k.htm (8-K) — 53KB
- ex10-1.htm (EX-10.1) — 542KB
- ex10-2.htm (EX-10.2) — 51KB
- ex99-1.htm (EX-99.1) — 13KB
- ex99-1_001.jpg (GRAPHIC) — 14KB
- 0001493152-24-034268.txt ( ) — 930KB
- rnge-20240822.xsd (EX-101.SCH) — 3KB
- rnge-20240822_lab.xml (EX-101.LAB) — 33KB
- rnge-20240822_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RANGE IMPACT, INC. Dated: August 28, 2024 By: /s/ Michael Cavanaugh Name: Michael Cavanaugh Title: Chief Executive Officer EXHIBIT INDEX Exhibit No. Description 10.1 Asset Purchase Agreement, dated August 22, 2024, by and among Collins Building & Contracting, Inc., Haney's Equipment LLC, Collins Reclamation LLC, R L Collins LLC, and Braxton Materials LLC. The registrant agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Securities and Exchange Commission upon request. 10.2 Pro Forma Financial Statements 99.1 Press Release dated August 28, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)