Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 192

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 192
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, directors and stockholders own a significant percentage of our outstanding capital stock. As of June 30, 2025,
our executive officers, directors, holders of 5% or more of our capital stock and their respective affiliates beneficially owned approximately
47.2% of our outstanding shares of common stock. Accordingly, our directors, executive officers and certain stockholders have significant
influence over our affairs due to their substantial stock ownership coupled with their positions on our management team. For example,
these stockholders may be able to control or influence elections of directors, amendments of our organizational documents, or approval
of any merger, sale of assets, or other major corporate transaction. This concentration of ownership may prevent or discourage unsolicited
acquisition proposals or offers for our common stock that some of our stockholders may believe is in their best interest.

We
are subject to the reporting requirements of federal securities laws, compliance with which involves significant time, expense and expertise.

We
are a public reporting company and are subject to the information and reporting requirements of the Exchange Act and other federal securities
laws, including the obligations imposed by the Sarbanes-Oxley Act of 2002. The ongoing costs associated with preparing and filing annual,
quarterly and current reports, proxy statements and other information with the SEC in the ordinary course, as well as preparing and filing
audited financial statements, are significant and may cause unexpected increases in operational expenses. Our present management team
is relatively small and may be unable to manage the ongoing costs and compliance effectively. It may be time consuming, difficult and
costly for us to hire additional financial reporting, accounting and other finance staff in order to build and retain a management team
with adequate expertise and experience in operating a public company.

We
have never paid dividends on our capital stock, and we do not anticipate paying any cash dividends in the foreseeable future.

The
continued operation and expansion of our business will require substantial funding. We have paid no cash dividends on any of our capital
stock to date and we currently intend to retain our available cash to fund the development and growth of our business. Any determination
to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon our results of operations, financial
condition, contractual restrictions, restrictions imposed by applicable law and other factors our Board of Directors deems relevant.
We do not anticipate paying any cash dividends on our common stock in the foreseeable future. Any return to stockholders will therefore
be limited to the appreciation