Company: RNGE
Filing Date: 2025-03-31
Form Type: 424B3
Source: 0001641172-25-001863
Chunk: 76

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 424B3
Chunk 76
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 (“Collins Building”) pursuant to which the owner agreed to sell all of the outstanding common stock of Collins Building to the Company in exchange for (a) cash consideration of $1,000,000, (b) a five-year secured promissory note in the principal amount of $2,000,000, bearing interest at 7.0% per annum (the “First Promissory Note”), and (c) a two-year secured promissory note in the principal amount of $2,035,250, bearing interest at 8.25% per annum (the “Second Promissory Note”). The First Promissory Note is secured by the acquired real property and quarry infrastructure, and the Second Promissory Note is secured by the acquired equipment.

The Company accounted for the transaction as a business combination in accordance ASC 805 “Business Combinations”. The Company has performed an allocation of the purchase price paid for the assets acquired and the liabilities assumed. The fair values of the assets acquired are set forth below. Because the fair values exceeded the purchase price, we recognized a gain on the purchase of $1,875,150. The allocation of the purchase price is based on management’s estimates and a third-party assessment of the fair value of the equipment purchased.

SCHEDULE OF BUSINESS ACQUISITION ALLOCATION OF PURCHASE PRICE

| Fair value of assets acquired: |     |   |            |   |
|:-------------------------------|:----|:--|-----------:|:--|
| Equipment                      |     | $ |  6,156,000 |   |
| Land                           |     |   |    554,900 |   |
| Buildings                      |     |   |    199,500 |   |
| Total assets acquired          |     |   |  6,910,400 |   |
| Less: Gain on bargain          
 purchase price                 |     |   | (1,875,150 | ) |
| Purchase price                 |     | $ |  5,035,250 |   |
| Cash consideration             |     |   |  1,000,000 |   |
| Long-term notes issued         
 to the seller                  |     |   |  4,035,250 |   |
| Total purchase price           |     | $ |  5,035,250 |   |
| Acquisition transaction        
 costs incurred                 |     | $ |    167,212 |   |

| F-14 |

As discussed in