CLEVELAND, OHIO – (December 21, 2023) – Range Impact, Inc. (OTC: RNGE) (“Range Impact”), a public company dedicated to improving the health and wellness of people and the planet through a novel and innovative approach to impact investing, announced the closing of a $1,700,000 capital raise.
The capital raise was led by Intelligent Fanatics Capital Management, a Pennsylvania-based microcap investment firm, Carlson Ridge Capital, a Colorado-based value investment firm, and Dickinson Group, a multi-generational West Virginia-based family office with significant land holdings and business interests throughout Appalachia. Also participating in the latest capital raise were Edward Feighan, Range Impact’s Chairman of the Board, Michael Cavanaugh, Range Impact’s CEO and Board Member, and Andrew Tobias, best-selling author on topics such as money, investing and insurance.
The investors entered into securities purchase agreements pursuant to which they acquired a total of 11,333,336 shares of Range Impact’s common stock at a price of $0.15 per share.
Michael Cavanaugh, Range Impact’s Chief Executive Officer, stated, “I am thrilled to welcome two sophisticated and highly respected institutional investors, a first-class family office, and best-selling author on investments to join our company as key shareholders.” Cavanaugh added, “Through our various capital raises, we have always sought to attract strategic capital, which brings the funding necessary for our growth but also the added benefits of valuable insights, strategic relationships, and strong alignment with our mission. I am honored to continue to build our company with such exceptional partners and look forward to the important work ahead of us.”
About Range Impact, Inc.
Headquartered in Cleveland, Ohio, Range Impact is a public company (OTC: RNGE) dedicated to improving the health and wellness of people and the planet through a novel and innovative approach to impact investing. Range Impact owns and operates several complementary operating businesses focused on developing long-term solutions to environmental, social, and health challenges, with a particular focus on acquiring, reclaiming and repurposing mine sites and other undervalued land in economically disadvantaged communities throughout Appalachia. Range Impact takes an opportunistic approach to impact investing by leveraging its competitive advantages and looking at solving old problems in new ways. Range Impact seeks to thoughtfully allocate its capital into strategic opportunities that are expected to make a positive impact on the people-planet ecosystem and generate strong investment returns for its shareholders.
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Range Impact, Inc.
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