Company: RNGE
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001493152-25-024206
Chunk: 39

Company: RANGE IMPACT, INC.
Filing Date: 2025-11-19
Form: 424B3
Chunk 39
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 fund our business may prove to be too low, and we could spend our available financial resources much faster than we currently expect. If we cannot raise the capital necessary to continue to develop our business, we will be forced to delay, scale back or eliminate some or all of our proposed operations. If any of these were to occur, there is a substantial risk that our business would fail.

Until such time as the Company is cash flow positive, we expect to continue funding our operations, at least in part, through equity and debt financings. However, sources of additional funds may not be available when needed, on acceptable terms, or at all. If we issue equity or convertible debt securities to raise additional funds or to fund, in whole or in part, acquisitions in furtherance of our business strategy, our existing stockholders may experience substantial dilution, and the new equity or debt securities may have rights, preferences and privileges senior to those of our existing stockholders. If we incur additional debt, we would incur additional interest expenses, and assuming those loans would be available, it would increase our liabilities and future cash commitments. Moreover, regardless of the manner in which we seek to raise capital, we may incur substantial costs in those pursuits, including investment banking fees, legal fees and other related costs.

Net Cash Provided By (Used In) Operating Activities

For the nine months ended September 30, 2025, net cash generated by operating activities was $19,111, comprised of: (i) net income of $3,668,065; (ii) non-cash depreciation of $150,381; (iii) non-cash accretion expense of $1,243,945; (iv) add-back of the non-cash bargain purchase gain of $5,602,484; (v) a gain on asset disposals of $1,085; (vi) non-cash vested stock option expense of $168,980; (vii) deficiency claims on returned equipment of $560,402; (viii) a decrease in current assets of $81,823; and (ix) a decrease in current liabilities of $87,270. For the nine months ended September 30, 2024, net cash used in operating activities was $1,859,370, comprised of: (i) net loss of $7,359,859; (ii) non-cash depreciation of $1,594,152; (iii) non-cash vested stock option expense of $60,970