Range Impact, Inc. announced on September 30, 2026, that its wholly owned subsidiary, Range Bluegrass Land, LLC, terminated two previously signed option agreements. The agreements were with MRR CNG, LLC and Wicks Building LLC. The termination agreements, referred to as Transition Agreements, were executed on the same date.
In connection with the termination of the option with MRR CNG, Range Impact entered into a Subscription Agreement. Under this agreement, the Company issued 654,434 shares of common stock to MRR CNG. The shares were issued in exchange for $500,000, which the Company deemed to be payment for the option fee previously paid to Range Bluegrass.
The shares were issued at a price of $0.764 per share. This price represents the volume-weighted average price of the Company’s common stock for all trades executed during the month of September 2026.
Separately, Range Impact terminated an option agreement with Wicks Building LLC. As consideration for this termination, the Company entered into a Subscription Agreement with Wicks Building LLC. This agreement also resulted in the issuance of 654,434 shares of common stock to Wicks Building LLC in exchange for $500,000. The consideration was deemed paid by virtue of an option fee previously paid to Range Bluegrass. The shares were also issued at a price of $0.764 per share.
The Company also entered into Consulting Transition Agreements with MRR CNG and F & G LLC. These agreements terminated Consulting Agreements dated December 31, 2025. The agreements stipulated that fees previously paid to the Company under the Consulting Agreements were deemed earned and were not refundable.
The shares issued pursuant to the Subscription Agreements were not registered under the Securities Act of 1933 and were issued in reliance upon an exemption from registration.
