Company: RNGE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024206
Chunk: 47

Company: RANGE IMPACT, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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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 financing. If we issue equity or convertible debt securities to help fund acquisitions
in furtherance of our business strategy, our existing stockholders may experience substantial dilution. In addition, 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.

As
reflected in the accompanying financial statements, during the six months ended June 30, 2025, the Company incurred a net loss of $1,301,038
(net of the gain on bargain purchase of $5,602,484 related to the Fola Acquisition) and used $118,974 of cash in the Company’s
activities. The Company estimates, as of June 30, 2025, that it may not have sufficient funds to operate the business for 12 months given
its cash balance of $48,312 and expected revenues to be generated by the Company’s operating business segments. The Company is
actively seeking additional financing and other sources of capital to fund its currently estimated level of operations. However, these
estimates could differ from actual capital needs if the Company’s business encounters unanticipated difficulties, or if its estimates
of the amount of cash necessary to operate its business prove to be wrong, and the Company uses its available financial resources faster
than it currently expects. No assurance can be given that any future financing or capital, if needed, will be available or, if available,
that it will be on terms that are satisfactory to the Company. Due to these and other factors, there is substantial doubt of the Company’s
ability to continue as a