Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 158

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 158
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Investing
in our Common Stock involves a high degree of risk. The following risk factors should be considered carefully in addition to the
other information contained in this Annual Report. This Annual Report contains forward-looking statements. Our business, financial
condition, results of operations and stock price could be materially adversely affected by any of these risks.

10

Risks
Related to Our Business

We
will need to raise substantial additional capital to operate our business. If we cannot obtain the capital we need to continue our operations,
our business could fail.

We
will need to raise additional funds in order to continue operating our business beyond the near term. Since inception, we have primarily
funded our operations through equity and debt financings and, more recently, with operating profits. If we do 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, it would increase our leverage relative to our earnings, if
any, or to our equity capitalization, requiring us to pay additional interest expense. Obtaining commercial loans, assuming those loans
would be available, would increase our liabilities and future cash commitments. We also may raise funds by selling some or all of our
assets. 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, accounting fees, and other related costs.

The Company may not be able to continue as a
going concern.

During the year ended December 31, 2024, the Company
incurred a net loss of $9,798,083, and $1,591,426 of cash was used by the Company’s operating activities. The Company estimates
that it may not have sufficient funds to operate its business for 12 months given its cash balance as of December 31, 2024 of approximately
$167,286 and revenues being generated by the Company’s operating business segments. The ability of the Company to continue as a going concern is
dependent on the Company’s ability to fund future operations through additional financing from investors and/or lenders or through
the sale of its securities or through development of its operations. Due to these and other factors, there is substantial doubt of the
Company’s ability to continue