Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 1300

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 1300
---
 common stock 
     (21,733,334) 
     0.60 
  
    Exercised 
     -  
     - 
  
    Expired 
     -  
     - 
  
    Balance outstanding and
    exercisable at December 31, 2023 
     3,313,335  
    $0.66 
  
    Granted 
     -  
     - 
  
    Exercised 
     -  
     - 
  
    Expired 
     (146,668) 
     3.00 
  
    Balance outstanding
    and exercisable at December 31, 2024 
     3,166,667  
    $0.56 

    F-17

In
October 2023, the Company entered into warrant exchange agreements with certain holders of warrants to exchange warrants to purchase
a total of 21,733,334
shares of the Company’s common stock for
an aggregate of 2,173,334
shares of the Company’s common stock. At
December 31, 2024 and 2023, the outstanding stock warrants had no
intrinsic value.

8.
LINE OF CREDIT

In
November 2022, the Company secured a bank line of credit with a limit of $1,000,000. In November 2023, the Company amended and restated
this line of credit. The line of credit, as amended, has a maturity date of December 31, 2025, and bears interest at the fixed rate of
eight and three-quarters percent (8.75%). As of December 31, 2024 and 2023, the balance due under the line of credit was $1,000,000.

In
June 2023, Range Environmental secured a bank loan with a limit of $1,000,000. In November 2023, the loan amount was increased to $1,400,000
pursuant to which principal and accrued interest payments are required in March, June, September and December. The loan has a maturity
date of December 31, 2025, and bears interest at the fixed rate of seven and three-quarters per cent (7.75%). As of December 31, 2024,
the balance due under the loan was $1,000,000. As of December 31, 2023, the balance due under