Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 91

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 91
---
 Stock

On
January 21, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 3,333,333 shares of the Company’s
common stock at a price of $0.15 per share. The aggregate proceeds to the Company were approximately $500,000.

On
February 6, 2025, the Company entered into a securities purchase agreement for the issuance and sale of 555,556 shares of the Company’s
common stock at a price of $0.18 per share. The aggregate proceeds to the Company were approximately $100,000.

    15

6.
STOCK OPTIONS

Stock
options issued during the three months ended June 30, 2025 and the three months ended June 30, 2024

During
the three months ended June 30, 2025, the Company granted options to an officer and two directors to purchase 250,000 shares (each) of
the Company’s common stock with an exercise price of $0.148 per share that expire ten years from the date of grant. All options
vested upon grant. The fair value of the option award was estimated on the date of grant using the Black-Scholes-Merton Option Pricing
model based on the following assumptions: (i) volatility rate of 259.90%, (ii) discount rate of 3.75%, (iii) zero expected dividend yield,
and (iv) expected life of 10 years, which is the term of the options. The total fair value of the option grants at their grant dates
was approximately $37,500 each, for a total of $112,500 which was allocated to general and administrative expenses during the three months
ended June 30, 2025. In addition to the expense recorded for the new option awards, there was $51,990 recorded for amortized stock-based
awards during the three months ended June 30, 2025.

During
the three months ended June 30, 2024, the Company granted options to an officer to purchase 250,000 shares of the Company’s common
stock with an exercise price of $0.38 per share that expire ten years from the date of grant. Options to 125,000 shares vested upon grant
and options to purchase 125,000 vest in one year. The fair value of the option award was estimated on the date of grant using the Black-Scholes-Merton
Option Pricing model based