8-K - RNGE - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 30, 2025

RANGE

IMPACT, INC.

(Exact name of registrant as specified in its charter)

Nevada	000-53832	75-3268988
(State<br> or other jurisdiction	(Commission	(I.R.S.<br> Employer
of<br> incorporation)	File<br> Number)	Identification<br> No.)
200 Park Avenue, Suite 400
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Cleveland, Ohio	44122
(Address<br> of principal executive offices)	(Zip<br> Code)

Registrant’s telephone number, including area code: (216) 304-6556

NotApplicable

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading Symbol	Name of each exchange on which registered:
Common<br> Stock	RNGE	OTC<br> Markets

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item1.01 Entry into a Material Definitive Agreement.

On May 30, 2025, Range Sky View Land LLC (“Range Sky”), a wholly-owned subsidiary of Range Impact, Inc. (the “Company”), entered into a Transaction Advisory Agreement (“Advisory Agreement”) with AppleAtcha Land, LLC (“AppleAtcha”) and WV Reclaim Co, LLC (“Reclaim”) pursuant to which AppleAtcha and Reclaim agreed to pay Range Sky $750,000 and $25,000, respectively (collectively, the “Advisory Fee”), in consideration of Range Sky’s provision of transition advisory services in connection with the sale by AppleAtcha and Reclaim of (i) approximately 424.80 acres of surface interests and 3,773.60 acres of mineral interests and (ii) three (3) related mining permits ((i) and (ii) collectively referred to herein as the “Ramp Run Mine”). The Advisory Fee is due and payable only upon the closing of the sale of the Ramp Run Mine to a third-party (the “Payment Condition”). The Advisory Agreement is terminable by any of the parties on written notice to the others provided that in the event that the Payment Condition is satisfied within 120 days after the date of a termination by Reclaim and AppleAtcha, then in such case, Range Sky would still be entitled to receive the Advisory Fee payable in full on the closing date of the sale. The Agreement also contains terms and conditions that are customary and typical for a transaction of this nature.

AppleAtcha is a wholly-owned subsidiary of Fola Landholding, LLC (“Fola Holding”). Fola Holding is 80%-owned by Tower IV, LLC, an investment entity owned by the daughters of Joseph E. LoConti, the Company’s largest shareholder (“LoConti”). Devica Capital, LLC (“Devica”) owns the remaining 20% of AppleAtcha. Michael Cavanaugh (“Cavanaugh”), the Company’s Chief Executive Officer and member of the Company’s board of directors, owns 100% of Devica. LoConti and Cavanaugh are managers of Fola Holding and AppleAtcha. LoConti also indirectly owns approximately 9% of the outstanding stock of Continental Heritage Insurance Company, a specialty insurance company, which has issued the reclamation bonds associated with the Ramp Run Mine.

The foregoing description of the Advisory Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Advisory Agreement attached hereto as Exhibit 10.1.

Portions of this Current Report may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that the actual outcomes will not be materially different due to a number of factors. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Litigation Reform Act of 1995. Additional information about significant risks that may impact the Company is contained in the Company’s filings with the Securities and Exchange Commission and may be accessed at www.sec.gov. The Company is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

(d) Exhibits. The following is a list of the Exhibits filed with this report:

Exhibit No.	Description
10.1	Transaction Advisory Agreement by and among AppleAtcha Land, LLC, WV Reclaim Co, LLC and Range Sky View Land, LLC, effective as of May 30, 2025
104	Cover<br> Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RANGE IMPACT, INC.
Dated:<br> June 4, 2025	By:	/s/ Michael Cavanaugh
	Name:	Michael<br> Cavanaugh
	Title:	Chief<br> Executive Officer

EXHIBIT

INDEX

Exhibit No.	Description
10.1	Transaction Advisory Agreement by and among Appleatcha Land, LLC, WV Reclaim Co, LLC and Range Sky View Land, LLC, effective as of May 30, 2025
104	Cover<br> Page Interactive Data File (embedded within the Inline XBRL document)

Exhibit10.1

TRANSACTIONADVISORY AGREEMENT

This Transaction Advisory Agreement (“Agreement”) is entered into as of May 30, 2025 (“Effective Date”), by and among Range Sky View Land, LLC, an Ohio limited liability company (“Range”), AppleAtcha LandLLC, a Delaware limited liability company (“AppleAtcha”) and WV Reclaim Co, LLC, a West Virginia limited liability company (“WV Reclaim”). Range, AppleAtcha and WV Reclaim are sometimes referred to herein each as a “Party” and together as the “Parties” to this Agreement.

RECITALS

WHEREAS, AppleAtcha is a company that owns land and other economic interests related to the Fola Mine Complex in Clay and Nicholas Counties, West Virginia (“Fola Mine”);

WHEREAS, WV Reclaim owns mining permits located on the Fola Mine;

WHEREAS, Range is a business focused on acquiring, reclaiming and repurposing mine land throughout Appalachia, and has a management team with unique expertise and experience in restructuring, repositioning and selling underperforming and idled mine properties;

WHEREAS, on March 31, 2025, the Parties entered in a Purchase and Sale Agreement (“PSA”) whereby Range acquired (i) substantially all of the real property interests of the Fola Mine, except for select excluded assets (“Excluded Property”), from AppleAtcha, and (ii) 15 permits associated with the Fola Mine, excluding 21 permits (“Excluded Permits”), from WV Reclaim;

WHEREAS, the “Ramp Run Mine” is comprised of approximately 424.80 acres of surface interests and 3,773.60 acres of mineral interests (“Ramp Run Property”) associated with the following three permits: (i) Ramp Run Surface Mine #1 (Article 3 # S-6010-89), (ii) Ramp Run Surface Mine #2 (Article 3 # S-3017-94), and (iii) Ramp Run Haulroad (Article 3 # O-3007-08) (collectively, the “Ramp Run Permits”). The Ramp Run Property is part of the Excluded Property and the Ramp Run Permits are part of the Excluded Permits;

WHEREAS, the Ramp Run Permits are backed by reclamation bonds in an aggregate amount equal to $1,244,560 (“Ramp Run Bonds”) and the Ramp Run Property serves as collateral for the Ramp Run Bonds; and

WHEREAS, AppleAtcha, WV Reclaim and Range have agreed to enter into this Agreement in accordance with the terms hereunder.

NOW,THEREFORE, for and in consideration of the foregoing premises, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, the Parties hereby agree as follows:

AGREEMENT

Transaction Advisory Services: AppleAtcha and WV Reclaim hereby request Range to provide transaction advisory services related to the sale of the Ramp Run Property and Ramp Run Permits to a third-party purchaser (“Transaction Advisory Services”), and Range hereby agrees to provide such Transaction Advisory Services on the terms and conditions set forth in this Agreement.

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| --- | | 2. | Transaction Advisory Fee: As consideration for providing the Transaction Advisory Services, AppleAtcha and WV Reclaim shall pay to Range on the Closing Date (defined below), a transaction advisory fee in an aggregate cash amount equal to Seven Hundred and Seventy-Five Thousand Dollars ($775,000) (“Transaction Advisory Fee”), for which AppleAtcha shall be responsible for $750,000 and WV Reclaim shall be responsible for $25,000, if the Ramp Run Property and Ram Run Permits are sold to a third-party purchaser (“Payment Condition”). For clarification purposes, the Transaction Advisory Fee shall only be due and payable by AppleAtcha and WV Reclaim to Range if the Payment Condition is satisfied. | | --- | --- | | 3. | Closing Date: The “Closing Date” shall be the date on which title to the Ramp Run Property and the Ramp Run Permits are transferred to a third-party purchaser. | | --- | --- | | 4. | Independent Contractor: The Parties hereby acknowledge and agree that Range is an independent contractor under this Agreement and therefore shall be solely responsible for the payment of any taxes imposed on account of payment of the Transaction Advisory Fee. | | --- | --- |

5.	Assignment:<br> No Party shall assign this Agreement or any of its obligations or rights hereunder without<br> the express written consent of the other Parties.
6.	Termination:<br> This Agreement may be terminated by WV Reclaim and AppleAtcha, on the one hand, or Range,<br> on the other hand, by providing written notice of such termination (such notice provided<br> in accordance with the PSA); provided, however, that in the event that the Payment Condition<br> is satisfied within 120 days after the date of termination by WV Reclaim and AppleAtcha,<br> then in such case, Range would still be entitled to receive the Transaction Advisory Fee<br> payable in full on the Closing Date.
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Assignment: No Party shall assign this Agreement or any of its obligations or rights hereunder without the express written consent of the other Parties.

Termination: This Agreement may be terminated by WV Reclaim and AppleAtcha, on the one hand, or Range, on the other hand, by providing written notice of such termination (such notice provided in accordance with the PSA); provided, however, that in the event that the Payment Condition is satisfied within 120 days after the date of termination by WV Reclaim and AppleAtcha, then in such case, Range would still be entitled to receive the Transaction Advisory Fee payable in full on the Closing Date.

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7.	Entire Agreement: This Agreement embodies the entire and complete understanding and agreement<br> of the Parties hereto related to the Transaction Advisory Services provided hereunder. All<br> prior understandings and agreements relating to the Transaction Advisory Services contemplated<br> herein are expressly waived and have no further force or effect.

8.	Severability:<br> In case one or more of the provisions contained in this Agreement shall be held to be invalid,<br> illegal or unenforceable, for any reason and in any respect, such provision shall not affect<br> any other provision in this Agreement, and this Agreement shall be construed as if such invalid,<br> illegal or unenforceable provision has never been contained herein.

9.	Binding Effect: This Agreement shall inure to the benefit of and shall be binding upon the Parties<br> hereto and their heirs, legal representatives, successors and assigns.

10.	Governing Law: This Agreement shall be governed by and construed in accordance with the laws of<br> the state of Ohio without regard to any conflicts of law principles.
11.	Execution:<br> This Agreement may be executed in two or more counterparts, each of which shall be deemed<br> an original and all of which, when taken together, constitute one and the same document.<br> The signature of any Party to any counterpart shall be deemed a signature to, and may be<br> appended to, any other counterpart. Electronic signatures in PDF format transmitted by e-mail<br> shall have the full force and effect of original signatures for all purposes.
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10.

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state of Ohio without regard to any conflicts of law principles.

11.

Execution: This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which, when taken together, constitute one and the same document. The signature of any Party to any counterpart shall be deemed a signature to, and may be appended to, any other counterpart. Electronic signatures in PDF format transmitted by e-mail shall have the full force and effect of original signatures for all purposes.

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[Remainderof Page Intentionally Left Blank; Signature Page Follows]

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IN WITNESS WHEREOF, the Parties hereto have each executed and delivered this Agreement as of the Effective Date set forth above.

APPLEATCHA LAND, LLC,
a<br> Delaware limited liability company
By:
Name:	Joseph<br> E. LoConti
Title:	Manager
WV RECLAIM CO, LLC,
a<br> West Virginia limited liability company
By:
Name:	Barry<br> T. Doyle
Title:	President
RANGE SKY VIEW LAND, LLC,
an<br> Ohio limited liability company
By:
Name:	Michael<br> R. Cavanaugh
Title:	Chief<br> Executive Officer

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