[SCHEDULE 13D/A] RANGE IMPACT, INC. SEC Filing
Range Impact, Inc. (RNGE) sees an ownership update: Joseph E. LoConti reports beneficial ownership of 26,645,789 shares of common stock, representing approximately 23.73% of outstanding shares as of this filing. This Fifth Amendment to his Schedule 13D states that Tower IV LLC, of which Mr. LoConti is sole manager, purchased 2,333,333 additional shares on September 23, 2025 in a privately negotiated Securities Purchase Agreement for total consideration of $550,000 (equal to $0.15 per share). Funds for the purchase came from Tower IV's working capital. The filing certifies the accuracy of these disclosures.
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Insights
TL;DR: A meaningful stake increase to 23.73% via a $550,000 private purchase signals concentrated ownership and potential influence.
Mr. LoConti, through Tower IV LLC, added 2,333,333 shares at $0.15 per share, bringing his reported beneficial ownership to 26,645,789 shares or 23.73% of the company. The transaction amount and per-share price are explicitly disclosed, and funds were sourced from Tower IV's working capital. For investors, a near-24% holder is material because it represents a significant ownership position that can affect corporate votes and strategic outcomes. The filing is procedural and states no other arrangements or shared voting/dispositive powers.
TL;DR: Disclosure of a concentrated beneficial ownership position is material for governance and voting dynamics.
The amendment confirms sole voting and dispositive power over 26,645,789 shares and reports the specific private purchase terms and source of funds. The filing does not disclose any agreements with other holders or management, nor any intent changes beyond the purchase. From a governance perspective, the clear statement of sole control and the 23.73% ownership level are important facts for stakeholders assessing potential influence on board matters and shareholder votes.