RNGE RANGE IMPACT, INC.

Price Chart

Executive Summary

Range Impact entered into a $10M stock purchase agreement with Tacora Capital for monthly common stock issuances over 12 months, while its subsidiary Range Cumberland provided a $4M secured loan to Cumberland Coal Corp. The loan is subordinated to a $25M contingent performance note held by Tacora, and Range Bluegrass (another subsidiary) agreed to a contingent joint venture on mineral reserves if a deficiency arises under that note. The transactions provide near-term capital but create complex intercompany and contingent obligations.

Key Financial Metrics

Actionable Insight

Key Facts

• Tacora Capital committed to purchase $10M of Range Impact common stock via 12 monthly closings; first closing of $1.75M for 6,256,704 shares occurred May 31, 2026.
• Range Cumberland (wholly owned subsidiary) agreed to lend up to $4M to Cumberland Coal Corp. at 10% interest, due May 31, 2031, secured by substantially all of CCC's assets.
• The $4M loan is subordinated to Tacora's $25M contingent performance note; Range Cumberland cannot receive payments until the senior note is paid in full.
• Range Bluegrass (wholly owned subsidiary) agreed to negotiate a joint venture with Tacora on its New Frontier Mineral Reserves if a deficiency remains under the $25M note after asset sales.
• The contingent obligation under the $25M note is not fixed; it arises only upon future sale transactions by unaffiliated obligors and a resulting shortfall.
• No financial statements, revenue, or earnings data were provided in the filing.

Financial Impact

Range Impact receives $10M in equity capital over 12 months; its subsidiary provides $4M secured loan to a third-party coal company. Contingent liability up to $25M deficiency on a note held by Tacora, but Range Bluegrass's obligation is limited to negotiating a joint venture on specific mineral reserves, not a direct payment guarantee.

Risk Factors

• Dilution from 12 monthly stock issuances at variable prices; first issuance of 6.26M shares already completed.
• The $4M loan to Cumberland Coal Corp. is subordinated to a $25M senior note, meaning Range Cumberland may never receive principal or interest if the senior note is not paid first.
• Cumberland Coal Corp. is a private, non-affiliated entity; no financial disclosures provided about its ability to repay the loan.
• Contingent obligation under the $25M note is uncertain in amount and timing; the joint-venture structure on mineral reserves is non-binding and speculative.
• Range Impact's stock trades on OTCQB; limited liquidity and disclosure requirements may amplify price volatility.

Market Snapshot

Documents Analyzed

This report is based on 10 SEC documents filed with EDGAR.

US Market Status