Range Impact Announces $550,000 Capital Raise
Summary
Cleveland, Ohio, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Range Impact, Inc. (OTCQB: RNGE) (Range Impact or the Company), a public impact investing company dedicated to acquiring, reclaiming and repurposing mine sites in Appalachia, announced the closing of a $550,000 capital raise.The capital raise was comprised of a $350,000 investment by Tower IV, LLC, an investment vehicle of Joseph E. LoConti, the Companys largest shareholder, a $100,000 investment by Edward Feighan, the Companys Chairman of the Board, and a $100,000 investment by Michael Cavanaugh, the Companys CEO and Board Member.The investors entered into securities purchase agreements pursuant to which they acquired a total of 3,666,667 shares of Range Impacts common stock at a price of $0.15 per share.Michael Cavanaugh, Range Impacts CEO, stated, The additional capital investment reflects our largest shareholders and boards continued confidence in our vision and strategy. Cavanaugh added, By aligning leadership and capital, we are strengthening our ability to accelerate the reclamation and repurposing of our land assets and unlock long-term value for our shareholders, strategic partners, and the local communities we serve.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 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.This press release contains forward-looking statements as that term is defined in Section 27(a) of the Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.