Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 578

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 578
---
  
    $4.00
                                            - 4.70   
    $4.00
                                            - 4.70 

     11,392,544  

7.
WARRANTS

A
summary of warrants to purchase common stock issued during the years ended December 31, 2024 and 2023 is as follows:

SCHEDULE
OF WARRANTS ACTIVITY 

    Number
                                            of Underlying Shares  
    Weighted Average Exercise
                                            Price 
  
    Balance outstanding at December 31, 2022 
     22,313,335  
    $0.61 
  
    Granted 
     2,733,334  
     0.60 
  
    Exchanged for shares of 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